Commentary on Legal Liability: Organizing the Advisory Council
- 1 September 1988
- journal article
- Published by SAGE Publications in Family Business Review
- Vol. 1 (3) , 287-288
- https://doi.org/10.1111/j.1741-6248.1988.00287.x
Abstract
Although we cannot predict the outcome of uncertain legal issues, it is possible that advisory councils face less legal liability than boards of directors. The key to minimizing the risk is to keep the council separate from the board.Keywords
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