Advisory Boards to Advisory Panels – it is more than semantics

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Michael Judin | Partner | Judin Combrinck Inc | michael@elawnet.co.za |

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The growing use of so-called “advisory boards” is one of the most encouraging developments in modern corporate governance. Businesses increasingly recognise that, in a world shaped by artificial intelligence, cyber security, digital transformation, geopolitical uncertainty and rapidly evolving markets, no board of directors can reasonably possess all the skills required to govern effectively.

Drawing on external expertise is no longer a luxury. It is becoming a strategic necessity. Yet there is one aspect of this welcome trend that deserves serious reconsideration.

They should not be called Advisory Boards. They should be called Advisory Panels.

This is far more than a matter of semantics. It is about legal certainty, sound governance, and the protection of both companies and those who generously contribute their expertise…

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