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An advisory board is a board that provides strategic advice to the management of a company or organization. It is an informal board, as the strategic advice provided is non-binding. This allows for greater structure and management flexibility than an organization's typical board of directors.
An advisory board is a way for organizations to engage with external investors. They act as soundboards for owners, directors, and shareholders. Along with this, they can also be used to test strategic thinking and access expertise and connections.

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