Our Advisory Board - Briefing Document
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Creating an <strong>Advisory</strong> <strong>Board</strong><br />
• In addition to its formal <strong>Board</strong> of Directors, Society is now also looking to<br />
create an <strong>Advisory</strong> <strong>Board</strong> consisting of trusted individuals with a shared<br />
interest in the company’s growth and impact.<br />
• <strong>Advisory</strong> <strong>Board</strong> members will not vote on corporate matters or fulfil a legal or<br />
fiduciary role. No liability is ascribed to members and they will not be<br />
appointed as Directors of the Company.<br />
• Core responsibilities of the <strong>Advisory</strong> <strong>Board</strong> will include:<br />
• facilitating introductions and referrals in support of the business<br />
development activity of the firm and helping the firm to broker new<br />
strategic relationships and alliances that will power its growth;<br />
• advice and input into the company’s strategy;<br />
• ad hoc guidance and counsel to the Managing Director upon request.<br />
• <strong>Advisory</strong> <strong>Board</strong> members will be engaged via a written ‘Consultancy<br />
Agreement’ and will be remunerated at a proposed rate of £10,000 GBP p/a.<br />
• There will be a basic commercial expectation that the new income unlocked by<br />
the <strong>Advisory</strong> <strong>Board</strong> members will exceed the <strong>Advisory</strong> <strong>Board</strong>’s associated costs.<br />
• The responsibilities, time commitments, and remuneration of <strong>Advisory</strong> <strong>Board</strong><br />
members may be adjusted over time by mutual consent.