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Difference between revisions of "Non-Profit Directors (Societies Act FAQs)"
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Non-Profit Directors (Societies Act FAQs) (view source)
Revision as of 13:36, 23 September 2016
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==What does remuneration mean?== | ==What does remuneration mean?== | ||
Remuneration means money paid to someone for | Remuneration means money paid to someone for their work or services. Most funders expect society directors to be acting as volunteers and not to be paid for being directors. A director can be remunerated for performing work for the society such as catering an event. However, this would require the director to declare a conflict of interest and not vote on the Board consideration of the contract. The Board can then decide to waive the conflict and enter into the contract for services with the director. | ||
==What is a conflict of interest?== | ==What is a conflict of interest?== | ||
