The Black Book states that the activities of each collegiate chapter shall be supervised by a Board of Advisors consisting of the Chapter Advisor, the Chapter Prytanis, the Chapter Crysophylos, and at least four other persons, the majority of whom should be alumni or honorary members of the International Fraternity. The BOA shall act in compliance with the Articles of Incorporation, Constitution, Bylaws, laws, traditions, usages, obligations, and principles of the Fraternity and to set by example the standard of conduct for collegiates and non-members to emulate. The Chief Executive Officer shall have power to remove from office any member of the BOA, and may fill by appointment all vacancies thereby created.
The elected members of the BOA serve for a term of four years, or for terms as approved by the BOA, and until their successors are elected.
The BOA selects its own membership and elects its own officers: Chairman, Vice Chairman, Secretary and Treasurer. The positions of Secretary and Treasurer may be combined. The Chapter Advisor may hold an office other than Chairman, but not unless there is a substantial reason. Collegiate members, other than the Prytanis and Crysophylos who are ex-officio members, are not to be members of the BOA. The remaining Chapter Officers should also attend BOA meetings for guidance and supervision, as needed.
It is recommended that the BOA membership represent a wide range of expertise. Every effort should be made to recruit people with knowledge or experience in the following fields: law, insurance, management, accounting/finance, real estate, engineering/construction, etc. Representatives of the local community as well as members of the university faculty/administration, should be actively sought as BOA members. The experience of individuals from such diverse backgrounds is invaluable.
If the chapter has an alumni association, it is suggested that it appoint a member to be its representative to the BOA. This helps to promote communication and coordination of activities.