Fire Velo Advisory Group

The Fire Velo Advisory Group is a body that provides non-binding strategic advice to the Executive Board of Directors. The informal nature of an advisory group gives greater flexibility in structure and management compared to the board of directors. Unlike the board of directors, the advisory board does not have authority to vote on corporate matters or bear legal fiduciary responsibilities. We choose to have an advisory board in order to benefit from the knowledge of others, without the expense or formality of the board of directors.

Roles and responsibilities of advisory group members

  • developing an understanding of the business, market and industry trends
  • provide “wise counsel” on issues raised by directors or the board
  • provide unbiased insights and ideas from a third point-of-view
  • encourage and support the exploration of new business ideas
  • act as a resource for directors and the board
  • provide social networking platform for directors and the board
  • encourage the development of a governance framework that enable sustainable growth of fire velo
  • monitor business performance
  • impose challenges to directors and the board that could improve the business