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Running head: STRATEGIC ADVISORY BOARD VERSUS STATUTORY BOARDStrategic Advisory Board versus Statutory BoardNameInstitution1STRATEGIC ADVISORY BOARD VERSUS STATUTORY BOARD2Strategic Advisory Board versus Statutory BoardIn a world that is risk adverse, prompting the double checking of the transaction andensuring that everything is secured and regulated, it is difficult to entrust activities to the boardof directors (Weber, 2016). To maximize value, and ensure sustainability, a company must havea committed independent committee fully dedicated to the welfare of the business development.However, for a long time statutory boards have had the role of regulating the operations oforganizations, as the Acts in Parliament give them legal authority for the interest of shareholdersand the stakeholders.Regulations through the statutory board are strengthened over and over for years allacross the world so as to safeguard organizations against risks and the conflicts of interests(Ingley, Karoui, & Khlif, 2016). They ensure there's disclosure of critical information such asaudit and financial reporting and risk management. With the advancement in technology, the risklevel ...


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