Course Description

Advisory boards are priceless. In addition to keeping you focused and helping you build value, advisory boards bring cost-effective expertise into your company and open doors to new business relationships.

In this course, you will learn how to create an effective board, select the right members, and manage them as individuals and as a group. With peer business owners, you will engage in hands-on activities and achieve milestones such as:

• Articulating the board’s purpose and role
• Deciding how to compensate members
• Identifying prospective board members
• Running productive board meetings

This course is part of the Business Owner Academy, a curriculum of courses open only to owners of companies generating up to $25 million in annual revenue.

Instructor - Rick Fumo

Rick is Co-founder and CEO of Round Table Group Advisory Board Services, and has more than 35 years of experience as a practitioner and member of management in accounting and consulting firms. Prior to cofounding Round Table Group, he served as President and CEO of Parson Consulting, an international financial management consultancy.  For most of his career, Rick was a partner and practicing CPA at Arthur Andersen, where he focused on working with high-growth businesses, both family-owned and venture-backed, on issues ranging from strategy and operational excellence to financing growth and reporting results internally and externally. In this capacity he regularly interfaced with clients’ boards of directors.

Currently, Rick is Chairman of the Board of Mercy Housing Lakefront, a Chicago based provider of supportive housing for the homeless. He is a past board member of the School of the Art Institute of Chicago, Milwaukee Art Museum, Contemporary Arts Council of Chicago, British American Business Council of Chicago, National Small Business United, Life Directions Chicago, and The Milwaukee Urban League. Rick is a graduate of Marquette University.