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===What does remuneration of a director include?=== | ===What does remuneration of a director include?=== | ||
Remuneration for being a director means that the non-profit is paying a fee to the director for coming to meetings and doing the duties of a director. It is common in the business context but not in the non-profit world | Remuneration for being a director means that the non-profit is paying a fee to the director for coming to meetings and doing the duties of a director. It is common in the business context but not in the non-profit world. | ||
Remuneration for being a director does not include reimbursing directors for expenses arising from their duties, such as the cost of travelling to a meeting. | Remuneration for being a director does not include reimbursing directors for expenses arising from their duties, such as the cost of travelling to a meeting. | ||
Remuneration for being a director also does not include remunerating a director for performing work for the non-profit unrelated to their duties as a director, such as paying a director to cater an event. However, this would require the director to declare a conflict of interest | Remuneration for being a director also does not include remunerating a director for performing work for the non-profit unrelated to their duties as a director, such as paying a director to cater an event. However, this would require the director to declare a conflict of interest, not vote on the board consideration of the contract, and not seek to influence the vote. In addition, the director must leave the meeting while the contract is being discussed, except when their presence is required to provide the board with further information. The board can then decide to waive the conflict and enter into the contract for services with the director. | ||
==Conflicts of Interest== | ==Conflicts of Interest== |
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