Best Practice & Ethics Advisory Board 2022 Update

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Published 25 October 2022

In 2021, as an initiative of our Global Research Council, we launched a Best Practice and Ethics Advisory Board. Formed to have independent oversight of the advisory sector as it matures, members were carefully selected to provide independent input and feedback for the ongoing development of best practice, ethics framework standards, and advocacy for the sector.



A year on, we are delighted to announce that Elizabeth Armstrong has joined the board! As Principal of Ithaca Impact, a specialist corporate impact advisory firm supporting boards and businesses to optimise risk, return and impact, Elizabeth carries more than twenty-five years of delivering innovative, agile social impact in a range of challenging political, economic and transitional contexts across the private, public and for-purpose sectors. She brings a dynamic understanding and tested experience helping businesses manage the increasing risks posed by environmental and social realities; shifting public, investor, and stakeholder expectations; and, emerging ESG, responsible business and human rights standards, including in fragile and conflict-affected markets.

Elizabeth is a member of the UN Principles for Responsible Management Education’s Working Group on Business for Peace and the UN ESCAP Sustainable Business Network’s Digital Economy Taskforce.

“The central question is, does your business have a positive impact on the world? If not, social and environmental risks will undermine your profitability and relevance. Within five years, you won’t be competitive.”

Dr Elizabeth Armstrong


Elizabeth joins current advisory board members Janelle Van de Velde (Chair), Stuart Allinson, Louise Broekman, Michael Drew, Eduardo Esteva, Sandra Gamble, and Nigel Hennessy (pictured above). Together they represent a variety of market segments including social impact, government, corporate, investment, and startup and scaleup communities.

We are so fortunate to have such an experienced and diverse group of minds from across the globe.