NFP Board Remuneration Survey
Thursday, 4th October 2012 at 10:58 am
Better Boards Australasia is embarking on its second annual Non-Profit Board Member Remuneration Survey for organisations in Australia and New Zealand.
The survey asks representatives of Not for Profit organisations for their experience and thoughts on board remuneration whether or not the board is remunerated. Better Boards says it wants to hear about how your board operates and in what ways your board members are supported in their roles.
The 2011 Better Boards Non-Profit Board Member Remuneration Report revealed that an overwhelming majority of 85.3% of organisations do not remunerate their board members. It also found that of the 14.7% of organisations that did remunerate board members, 90% did not base remuneration on a performance review. The amount most commonly paid to individual board members (34.6%) was between $10,000 and $30,000.
The 2011 Remuneration Survey uncovered a broad variation in the levels of support for the practice of remuneration. The range of responses included opinions such as:
“…as organisations become bigger and more complex in the non-profit area, more Directors will be remunerated”
“Members are professionals; remuneration is not part of their motivation for working with the organisation.”
Through the 2012 Remuneration Survey, Better Boards Australasia says it hopes to expand on the findings from 2011 and begin to map possible trends emerging in this area. This survey seeks to discover what types of organisations remunerate their board and why, as well as discover the potential implications remuneration might have on a board’s culture and effectiveness.
The data collection for this survey will close on the February 28, 2013.