An advisory board is a body that advises the management of a corporation, organization, or foundation. Unlike the Board of Directors the advisory board 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, without the expense or formality of the Board of Directors.
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Famous quotes containing the words advisory and/or board:
“At the heart of the educational process lies the child. No advances in policy, no acquisition of new equipment have their desired effect unless they are in harmony with the child, unless they are fundamentally acceptable to him.”
—Central Advisory Council for Education. Children and Their Primary Schools (Plowden Report)
“This morning I threw up at a board meeting. I was sure the cat was out of the bag, but no one seemed to think anything about it; apparently it’s quite common for people to throw up at board meetings.”
—Jane Wagner (b. 1935)