An Advisory Board,as Compared to a Board of Directors

question 115

Multiple Choice

An advisory board,as compared to a board of directors,

• A)may be perceived as less of a threat to an owner than a board of directors.
• B)is always compensated,unlike persons serving on a board of directors.
• C)have increased legal liability,requiring the company to increase their insurance levels.
• D)have greater levels of decision making,requiring them to work more cooperatively.

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Definitions:

Kotter's Change Model

A framework developed by John Kotter consisting of eight steps aimed at managing organizational change effectively.

Leadership Change

A process or event involving a transition in leadership roles within an organization, typically implying new strategies or directions.

Founder Syndrome

A condition in which a single individual, typically the founder of an organization, exercises disproportionate influence, often to the detriment of the organization's health and sustainability.

Organization

A structured group of people with a specific purpose, such as a business, government body, charity, or club.