The Advisory Board

An Advisory Board is a non-executive body that provides strategic support to an organization. While it holds no formal decision-making power, it offers informed, non-binding advice on a wide range of matters relevant to the organization’s mission and operations.

The main role of an Advisory Board is to broaden the perspective of the executive leadership by bringing in diverse insights, experiences, and expertise.

• Strengthen Governance
  Enhancing governance structures and processes fosters greater transparency and improves the effectiveness of decision-making.
• Increase Sustainability
  Implementing sustainable business models supports the long-term growth and resilience of social organizations.
• Promote Collaboration
  Building a network of professionals committed to the social economy encourages the exchange of knowledge and experience.
• Create Social Impact
  Maximising the positive impact of social organizations within their communities helps them achieve their goals and fulfil their mission.
  
   

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1. Give Back: Contribute to solving social problems.
2. Expand your Network of Contacts: Connect with leaders who are committed to social causes.
3. Personal and Professional Development: Develop your skills through volunteering and social governance.
4. Social Responsibility: Contribute to the well-being of the community and have a positive social impact.

An Advisory Board is a non-executive consultative body that provides strategic support to an organization.

• It operates based on the needs and challenges identified by the executive leadership.
• Establishing such a body is considered a governance best practice, as it reinforces both the project and the governance model.
• Advisory Boards are formed by invitation and are typically aligned with the mandate of the organization’s leadership.
• They may be formally established through statutory provision (or amendment) or by resolution of the appropriate governing body.
• Their functioning can be regulated either through the organization’s statutes or internal rules.
• The statutes may delegate the authority to create the Advisory Board to the Executive Board. If not, the authority lies with the General Assembly. In either case, the resolution must be formally recorded in the meeting minutes.
• The Advisory Board should be composed of members with diverse backgrounds, providing complementary perspectives and expertise to enrich the organization’s leadership.