Small and medium-sized enterprises (SMEs) play a crucial role in the economy, but many of them face recurring challenges in terms of governance and strategic decision-making. Often, in the absence of resources or formal structures such as a board of directors or advisory committee, these businesses are forced to rely on the shoulders of their managers for all important strategic decisions.

A consultative and collaborative approach

It is in this context that Cross Boards are emerging as an innovative and collaborative solution. The idea is simple but powerful: to bring SME managers together in mutual advisory boards, where they can share experiences, critical perspectives and offer advice to each other.

Cross Boards are not just about filling an organisational void, but about transforming the way small businesses approach governance. This consultative approach encourages voluntary exchange between peers, allowing participants to benefit from constructive feedback and diverse expertise without the constraints associated with setting up a traditional board structure.

Adaptability

What particularly sets Cross Boards apart is their adaptability. They offer the possibility of modifying the composition of boards in line with the company’s changing challenges and objectives. This flexibility is essential if organisations are to remain reactive in the face of a changing environment, or when they are in a phase of evolution or transformation.

In incubation

At the time of writing, the Cross Boards solution is in the Prefix Incubator. The aim of this initial phase is to refine the concept, evaluate its effectiveness and adjust the processes based on feedback from participants. Ultimately, the aim is to extend this initiative to a wide range of entrepreneurs, define clear rules for participation and create a self-sustaining solution for SMEs.

If you are a business manager interested in the idea of benefiting from Cross Boards or contributing to its development, we invite you to get actively involved. Your participation could not only enrich your own expertise but also shape the future of SME governance.

To find out more, you can follow the solution in the Incubator.