Whilst a board of directors has extensive legal and governance obligations, an advisory board is entirely different.
Not least of which they are there to support you, the entrepreneur, not necessarily the same as the board whose job it is to look after the company.
In addition, whilst boards of directors are usually remunerated for their time and risk, advisory boards often only ask for reasonable expenses.
However, setting them up properly with correct and robust terms of reference is a must do, to ensure value added is a given for all parties.
Our simple how to guide will help you set up the advisory board that works well from the start. We have a Standard Advisory Board guide: which you can utilise and tailor for per your company's requirements - £49 + VAT, this is available at our online shop.
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