While most board members of charities are unpaid and give their time freely as volunteers, in some charities the board members are remunerated for their time and expertise.
Whether or not to pay board members is an important consideration for charities, and one that depends on the unique circumstances of each charity. Ultimately, the decision rests on whether paying board members is in the best interests of the charity.
The ACNC has just released a new guide ÛÒ Remunerating Charity Board Members ÛÒ to provide an overview of issues relating to board remuneration, as well as some of the factors charities need to properly consider when making a decision on whether to pay board members for their duties.
To access the guide click here.
