Advisory Board Defined

What is an Advisor?

• An advisor is a professional with deep knowledge and experience in a specific area.

• Advisor's often have cross-functional and multidisciplinary expertise.

• An advisor's role is that of a mentor or guide and differs categorically from that of a task-specific consultant.

What is an Advisory Board?

• An advisory board is a body that provides non-binding strategic advice to the management of a corporation, organization, or foundation.

• The informal nature of an advisory board gives greater flexibility in structure and management compared to the board of directors.

What is a Board of Directors?

• A board of directors is an executive committee that jointly supervise the activities of an organization

• Organizations with a board can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency.