Sounds like an exercise in futility -- why would the young "doers" listen to the elder "advisors"? History shows they'll roll their eyes at the (supposed) outdated advice from the advisors and ignore their wisdom.
Elderly wisdom <=> Middle-aged evaluation <=> Youthful application
The problem occurs when this doesn't line up with management structures and you get
Elderly dictation => Middle-aged helplessness => Youthful disillusionment