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Advisory board

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An Advisory board is a group of individuals who serve as advisers to the management of a business, but typically do not have authority to vote on corporate matters, nor a legal fiduciary responsibility.


Unlike members of a Board of directors, individuals who serve on an advisory board do not have any official authority. They simply offer advice that the owner or management can take or not.

Typically a fee or some other type of incentive like stock options are provided to the advisers in exchange for their

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This entry includes content from the following Wikipedia article: Advisory board.
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