At certain times, it may be deemed preferable to appoint an individual as an advisor (known as a “censeur” in France) to the Board or to individual directors to:
– Represent a specific shareholder who has a minority interest
– Represent a key financial institution
– Provide technical support on specific issues; finance, strategy, production, regulation……
– Provide in-depth knowledge of a specific industry
– The role of the Advisor is defined by contract, whereas the role of the Independent Director is defined by statute.