An Advisory Board is a group of individuals who provide expert advice and guidance to an organization, such as a business or nonprofit. Unlike a board of directors, an advisory board does not have formal authority or decision-making power. Instead, its members share their knowledge and experience to help the organization achieve its goals.
Members of an advisory board often come from diverse backgrounds and may include industry experts, academics, or experienced professionals. Their insights can be valuable for strategic planning, problem-solving, and networking, ultimately supporting the organization's growth and success in its field.