Board Member Remuneration Survey: Executive Summary

remuneration

 

The inaugural Better Boards Non-Profit Board Member Remuneration Survey sought to understand the make up of Australasian non-profit boards and their remuneration practices. The report provides a unique snap shot of the dynamics of Australasian non-profit profit boards and provides a base from which to understand the changes in board structures and remuneration practices as they occur over the coming years and decades.

 

Purchase the full report.

 

View the Board Member Remuneration Survey Results Infographic.

 

Through this report Better Boards Australasia aims to provide valuable insight to non-profit organisations, boards, board members and others in the non-profit sector on the topics of board remuneration and structure.

 

Key Findings

 

The survey responses revealed the following key findings in relation to Australasian non-profit boards:

 

  • The overwhelming majority of non-profit organisations in Australasia rely on volunteers to fill their board positions with 85.3% of boards choosing not to remunerate their members.
  • For those 14.7% of organisations that do remunerate their board members, the amount most commonly paid (34.6%) is between $10,000-$30,000.
  • While 70% of Australasian non-profit boards represented have a board review process, of those who do remunerate their members 90% do not base remuneration on performance.
  • Australasian non-profit boards reported their decision whether to remunerate or not, was most likely to be influenced by their constitution or the organisation‚Äôs historical practice.
  • The large majority (70.3%) of non-profit boards represented in the survey, recognise the importance of ongoing professional development and the costs board members incur in fulfilling their roles by paying for their members to undertake professional development or further education.
  • The average board represented in the survey was made up of seven members, consisting of two female and five male members, most likely between the ages of 51-60 years of age. The majority of board members were over the age of 45 (83.5%).
  • Aged care (23.1%) was the most highly represented industry of the 26 industries and sectors represented in the survey.
  • The non-profit organisations as represented in the survey were most likely to have an annual revenue between $1 million and $5 million, and provide services across one to five locations with less than 25 full time staff.
  • The most common length of time board members were reported to serve was between five and six years.

 
The Full Report is available for purchase here. It is also available through BoardWise.

About Better Boards

Better Boards Australasia connects the leaders of Australasian non-profit organisations to the knowledge and networks necessary to grow and develop their leadership skills and build a strong governance framework for their organisation.

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