Definition Advisory Board:
A group of individuals who've been selected to help advise a business owner regarding any number of business issues, including marketing, sales, financing, expansion and so on; a body that advises the board of directors and management of a corporation but does not have authority to vote on corporate matters.
Roles and responsibilities of Advisory Board members:
• Developing an understanding of the business, market and industry trends
• Provide “wise counsel” on issues raised by owners/directors or management
• Provide unbiased insights and ideas from a third point-of-view (not involved in the operation of the business)
• Encourage and support the exploration of new business ideas
• Act as a resource for executives
• Provide social networking platform for directors and the company
• Encourage the development of a governance framework that enable sustainable growth of the company
• Monitor business performance
• Impose challenges to directors and management that could improve the business
Board Member Volunteer, (domestic prioritised)
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Lars Salling Sorensen
CEO
