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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. Unlike the Board of Directors, the advisory board does not have authority to vote on corporate matters or bear legal fiduciary responsibilities. Many new or small businesses choose to have advisory boards in order to benefit from the knowledge of others, without the expense or formality of the Board of Directors.
==Function==
The function of an advisory board is to offer assistance to enterprises with anything from marketing to managing human resources to influencing the direction of regulators. Advisory boards are composed of accomplished experts offering innovative advice and dynamic perspectives.〔Stautberg S, Green N. INNOVATION FROM THE OUTSIDE-IN: HOW A DESIGN ADVISORY BOARD DRIVES INNOVATION AT P&G (). 1st ed. 2014 (22 October 2014 ). Available from: http://www.partner-com.com/files/Design_Advisory_Board_022607.pdf〕 Meeting quarterly or biannually, boards can provide strategic direction, guide quality improvement, and assess program effectiveness.〔Taylor, E., Marino, D. Rasor-Greenhalgh, S & Hudak, S. (2010). Navigating practice and academic change in collaborative partnership with a community advisory board. Journal of Allied Health, 39(3), 103-110.〕
Entrepreneurs, especially from startup companies or small business may not want to dilute their control of their business by establishing a board of directors with formal responsibilities and authorities. Thus, an advisory board may be a more suitable solution to entrepreneurs who want access to high-quality advice and network in the industry. Advisory board, as an external group, could also provide non-biased information and advice to entrepreneurs.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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