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

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An advisory board is a group of external advisors who provide non-binding strategic advice to a company's management team, and they have no legal fiduciary responsibility to the company. Therefore, they may be perceived as less threatening to the owner, and they are not compensated in the same way as a board of directors. C and D are incorrect because an advisory board has less legal liability and less decision-making power than a board of directors.

An Advisory Board, as Compared to a Board of Directors