What does board of advisors mean?

board of advisors meaning in Law Dictionary

group of people in know to steer a strong. They're not share owners without any culpability.

board of advisors meaning in Business Dictionary

casual team composed of knowledgeable individuals who help guide those activities of a (usually) tiny or startup firm. People in the board of advisors cannot generally own shares within the firm, and (unlike the members of the board of administrators) normally would not have the legal responsibility because of its businesses.