TRUTH 32 Board of advisors
A board of advisors is a panel of experts asked by a firm’s managers to provide counsel and advice on an ongoing basis. Unlike a board of directors, a board of advisors possesses no legal responsibility for the firm and gives nonbinding advice.[1] A board of advisors can be established for general purposes or can be set up to address a specific issue or need. For example, some start-ups set up customer advisory boards shortly after they are founded to help them fine-tune their initial offerings.
A board of advisors can be established for general purposes or can be set up to address a specific issue or need.
Similar to a board of directors, the main purposes of a board of advisors is to provide guidance and ...
Get The Truth About Starting a Business now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
