Global State of the Market Report
In 2022, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 3,500 professionals on Advisory Boards in the Philippines.
Advisory Board Landscape
The assessment has identified low numbers of Advisory Board professionals in the Philippines. Minimal participation in the market may indicate:
- That Advisory Board structures engaged in the country are informal in nature;
- Advisory Boards are referred as a different name, such as committees, councils or think tanks;
- Traditional sourcing of advice is more customary for the Philippines’ current business environment; or
- There is a language barrier stemming from the search for Advisory Board professionals being in English.
Future Growth Opportunities
As an emerging sector in the Philippines, connection and collaboration with the global Advisor community will present strong future growth opportunities. Further, focusing on key market sectors – agriculture, minerals and electronics – as well as acknowledging start-up and emerging industries are essential. It will also be important for Advisory Board professionals in market to be credentialed to best practice and ethics as this sector grows over time.