board-advisory

Vocabulary Word

Definition

A 'board-advisory' is a group of people who are experts in certain areas. They provide advice and support to a company, a little like how a study group helps you understand a difficult subject.

Examples in Different Contexts

Board advisory in corporate governance refers to the role of advisory boards in providing strategic advice and guidance to the management team. A corporate executive might say, 'Our board advisory committee plays a crucial role in shaping our strategic direction and ensuring sustainable growth.'

Practice Scenarios

Business

Scenario:

The decision to acquire our competitor has strategic implications. We must consider all potential risks before we proceed.

Response:

I suggest we consult with our advisory board before making any strategic decisions about the acquisition.

Public-Policy

Scenario:

Developing a sustainable urban planning policy is a complex task. We'll need to ensure that it supports long-term growth while preserving the local ecosystem.

Response:

Our advisory board might provide us with valuable insights for creating an environmentally friendly urban planning policy.