BOARD ADVISORY
Running a business without guidance can feel like sailing without a compass. A Board Advisory brings experienced professionals to guide your decisions, anticipate challenges, and uncover growth opportunities.
Unlike a formal board of directors, advisors don’t have legal obligations—they provide mentorship, insights, and connections that can accelerate your company’s success.
A Board Advisory is a mechanism where external experts—often experienced professionals, industry veterans, or mentors—provide strategic, financial, and operational guidance to a company. Unlike a formal Board of Directors, advisory boards do not have legal responsibilities or fiduciary obligations. Their primary role is to mentor, advice, and offer insights to help the company navigate challenges and scale efficiently.
Documents Required:
- Board Advisory Agreement
- Non-Disclosure Agreement
- Conflict of Interest Declaration
- Terms of Reference
- Company KYC Documents
- Board Resolution (Optional)
FAQs
No. Advisors only provide guidance; decision-making power lies with the management or board of directors.
Yes, advisory equity is common, usually through stock options or sweat equity, but must be formalized in agreements.
Yes. Many companies maintain both for governance (board of directors) and strategic advice (advisory board).
Generally, no. Unlike directors, advisors have no fiduciary duties unless explicitly stated in contracts.
Frequency depends on company needs—quarterly meetings are common, but high-growth startups may need monthly interactions.
Yes, informal advisory relationships can exist pre-incorporation, but formal agreements require a legal entity.