This week on the Take on Board podcast, I introduce the Institute of Community Directors Australia’s new Board Payment Wizard and why it’s a useful way for boards to think through whether paying directors is right for their organisation.
I share how the tool can be used individually or as a group, and the kinds of prompts it includes—legality, affordability, turnover, recruitment and retention, inclusion of consumers, director workload and expenses, accountability, and stakeholder support—without trying to deliver a single “tick-the-box” answer. There's also an example of a board adopting optional, request-based payments to support diversity, and I invite you to tell me if you try the wizard and what your board decides.
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