Document background
The Board of Advisors Agreement is a crucial document for companies seeking to formally engage experienced professionals in an advisory capacity. This agreement, governed by Hong Kong law, is typically used when a company wishes to benefit from external expertise without adding full board members. It details the advisor's role, responsibilities, compensation, and the nature of their relationship with the company, while ensuring compliance with Hong Kong's Companies Ordinance and corporate governance requirements. The document is particularly important for growing companies, those entering new markets, or organizations requiring specialized industry knowledge. It includes essential provisions for confidentiality, intellectual property protection, and clearly establishes the advisor's status as an independent contractor rather than an employee or director.
