What type of compensation is a Board member entitled to?

Board members are entitled to compensation for their participation in meetings and fulfilling their duties. This compensation reflects the time and effort they invest in overseeing the board's responsibilities and governance. It acknowledges the importance of their engagement in decision-making processes and administrative tasks vital to the operation of the board.

Compensation for meetings and duties is typically structured to cover various activities, such as attending board meetings, participating in committees, and other required activities essential for informed decision-making. This approach ensures that board members are recognized for their contributions without tying their compensation to fixed salaries, stipends, or commission models, which may not accurately reflect the diverse nature of their responsibilities on the board. By compensating members based on engagement, the structure promotes active participation while allowing the board to remain focused on its core responsibilities without the complexities that other compensation methods may introduce.