Document background
The Advisory Board Agreement Nonprofit is a crucial document for Philippine nonprofit organizations seeking to formalize relationships with external advisors who provide strategic guidance and expertise. This agreement is particularly important in the Philippine context, where nonprofit governance is regulated by the Revised Corporation Code and various sector-specific regulations. The document is typically used when organizations wish to establish an advisory board distinct from their main Board of Trustees, bringing in subject matter experts, industry leaders, or community representatives to provide non-binding strategic advice. It addresses key aspects such as appointment terms, meeting requirements, confidentiality obligations, and potential conflicts of interest, while ensuring compliance with Philippine nonprofit governance standards and data privacy laws. The agreement also clarifies that advisory board members serve in a non-executive capacity, distinguishing their role from that of trustees or officers of the organization.
