A Board of Advisors Is an Especially Good Alternative to a Board

question 29

True/False

A board of advisors is an especially good alternative to a board of directors because they are authorized to make legal decisions.

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Definitions:

Shareholders

Individuals or institutions that legally own one or more shares of stock in a public or private corporation, giving them a share of ownership in the company.

Lag Measure

A performance indicator that shows the output of efforts, often revealing the success or failure of an initiative after it has been implemented.

Succession Management

A strategic process to identify and develop potential leaders within an organization to fill key positions.

External Coaches

Professional advisors hired from outside an organization to provide personalized coaching and development services to its employees.