Frequently Asked Questions

These are a selection of the most frequently asked questions of prospective members.

Are there confidentiality or liability issues with being part of a TAB Board?

No, all members execute a confidentiality and hold harmless agreement when they join TAB. One of the main attractions of a TAB board is that there are no fiduciary responsibilities and hence no costly D&O insurance premiums or expensive honorarium fees. This also gives you honest and open input as none of the other members gains or loses from the advice they give you.

Are there any qualifications to being a member?

Yes, you must be either the sole or majority shareholder in your company. Your actual title is not important but you must be your company's principal decision maker. If you have to ask permission to join TAB, you probably don't qualify as a member. In addition, you will need to be honest and open about business matters and supportive of the board. You must also be both willing and able to help the other board members and willing and able to listen to and act on their advice.

Who will be my fellow TAB Board members?

Each TAB member operates a business that does not compete with that of another board member. Additionally, you will not be placed on a board where you have a key customer or vendor relationship with another member. Each member is required to give their approval before you can join the board and you will be given a list of board members so you can approve them too.

What Board will I be on?

You will be placed on a board that the facilitator feels is the best match for you. Your facilitator will consider factors such as your company's size, growth rate and complexity of the business. He will also consider your particular skills and talents. Ideally, we would seek to have an attorney and a CPA on every board and we would like to have representatives from several different business sectors.

What is the time commitment?

You will attend a four hour board meeting each month and there will also be a one hour executive coaching session. You may also choose to spend another hour or working on your business with either your coach or your management team. There is no long term commitment to TAB, although we do ask you to make an initial three month commitment in order to get the benefits of the board meetings, coaching sessions and the SBL process.

What are the costs involved?

The investment in TAB is based on the size and complexity of your company and the services you select. This investment is discussed at the information meeting or once your facilitator determines your need. Your bottom line benefits should generate an exceptional return on you nominal investment.

Can I get more information?

Certainly, either contact us or visit The Alternative Board TAB® corporate website at www.TABBoards.com.