Advisory Board Member Guide (Australia)

Unlock Strategic Expertise for Your Startup or SME

Advisory boards provide businesses with industry insights, networks, and strategic guidance — without the governance obligations of a formal board of directors. The Advisory Board Member Guide helps startups, SMEs, and business owners understand how to create, manage, and participate in an advisory board effectively.

Who Should Use This Guide?

• Business Owners & Founders – seeking expertise to scale or navigate complex industries.
• Startups & SMEs – looking for mentorship, investor access, and strategic input.
• Executives & Management Teams – wanting independent perspectives for growth.
• Advisors & Professionals – considering advisory roles and responsibilities.

What You’ll Learn

• What an advisory board is and how it works.
• The benefits of creating an advisory board for SMEs and startups.
• How to select, structure, and manage advisory board members.
• Best practices for legal risk management, confidentiality, and independence.
• Compensation models: equity, fees, or pro bono.
• How to step down or transition members smoothly.

Why Choose This Guide?

✔ Drafted by Australian legal professionals
✔ Tailored for SMEs, startups, and growth-focused businesses
✔ Clear, practical insights into advisory board roles and best practices
✔ Helps you reduce risk while maximising value from your advisors

Download the Advisory Board Member Guide today and give your business the strategic edge it needs to grow.