Remuneration of trustees
5 Remuneration of trustees
The Association may, after 1 January of each calendar year, by unanimous resolution of all trustees, appropriate an amount from the funds of the Association, as remuneration for services rendered by each trustee for the preceding calendar year, and pay the amount so appropriated to the trustees.
The amount of any such remuneration is to be determined having regard to factors including—
fees paid for similar services provided by trustees or Board members of other like charitable bodies; and
the amount of time and the degree of skill required in respect of the services provided by the trustees; and
the ability of the Association to pay, in the ordinary course of its business, any proposed amount.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.