Advisory Board Guide

An advisory board acts as a strategic sounding board for a business, offering guidance to owners, directors, or management.

Distinct from a board of directors, an advisory board lacks the authority to vote on company matters or bear legal obligations. This structure makes them particularly suitable for startups and smaller businesses seeking expert insights without the complexities associated with a traditional board.

When well-structured and guided by best practice principles, advisory boards enable organisations to refine their strategic thinking and gain access to expertise or connections that may not otherwise be readily available.