Advisory board

"Advisory group" redirects here. For the commercial, for-profit, public enterprise, see Advisory Board Company.

An advisory board is a body that advises the board of directors and management of a corporation but does not have authority to vote on corporate matters, nor a legal fiduciary responsibility. Many new or small businesses choose to have advisory boards in order to benefit from the knowledge of others, but to not encumber them with the rigors of a more formal board of directors.

Types

• Business advisory boards
• Editorial advisory boards
• Technical advisory boards
• Scientific advisory boards