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08 9242 2085 ots@otsmanagement.com.au
Advice from Outside the Square

Category Archives: Managing Indigenous Organisations

Setting Remuneration for Directors of an Indigenous Corporation

Setting Board remuneration for a commercial company is relatively simple. There are a number of databases providing comparative remuneration levels that can be trawled and you can check with Human Resource Employment agencies. Setting Board remuneration for a Not-for-profit is extremely difficult because of the paucity of publicly available information. Multiply that level of difficulty by 10 for information about remuneration of Directors of Indigenous organisations. Trying to shoe-horn "median" rates from general surveys on samples of NFP's into your particular circumstances is so inappropriate, don't even try it. There are no set tables. So what steps can you take in setting equitable remuneration for Directors of Indigenous Boards? I can recommend 6 steps to take to set remuneration for Indigenous Boards. (more…)...
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