The advisory board is made up of renowned experts from academia, the private, and the public sector from both Switzerland and abroad. Its members have a general advisory function, but they do not have decision-making powers. They meet twice a year in order to get an update of the recent developments of the department and to assist the department with their expertise. The board supports the department in the timely recognition of economic ideas and practical problems in the economy and society, and thus makes an important contribution to the departments’ success. Moreover, it helps the department to bridge gaps between the economy, society, and the university, enabling an active dialogue between science and society. With their support, the members of the advisory board help the department to become a world-class institution at the heart of Europe.