Responsibilities of Advisory Board
1 Developing an understanding of the business, market and industry trends.
2 Provide “wise counsel” on issues raised by owners/directors or management.
3 Provide unbiased insights and ideas from a third point-of-view (not involved in the operation of the business).
4 Encourage and support the exploration of new business ideas and act as a resource for executives.
5 Provide social networking platform for directors and the company.
6 Encourage the development of a governance framework that enables sustainable growth of the company.
7 Monitor business performance.
8 Impose challenges to directors and management that could improve the business.
9 Decision regarding promotions and demotions of the faculty staff.