WOB yields great dividend

The annual survey of the positions posted with WOB finds that the number continues to grow and in 2017 close to 20 per cent of the Not for Profit entities listed with WOB continued to pay director fees.

24% growth in positions posted with WOB

The number of positions posted with WOB grew by 24% in 2017 compared with the previous year. This continues a trend which has seen a year on year rise in the number of positions posted with WOB (18% from 2015 to 2016). Our success stories page shows why so many organisations are finding that posting a board or committee position with WOB results in a range of quality applicants.

In 2017 there were 925 positions posted - many with multiple roles on offer. Those posted were remunerated as follows:
  • 51 per cent were paid roles as against 45 per cent in 2016
  • 25 per cent attracted expenses as against 21 per cent in 2016
  • 24 per cent were unpaid.as against 34 per cent in 2016
It is always interesting to track what positions pique the interest of WOB members. Below are the top 10 positions viewed by WOB subscribers in 2017:
  1. Public Health Services and Public Hospitals (106 entities) VIC Paid ID 7347
  2. Royal Botanic Gardens and Domain Trust NSW Paid ID 5572
  3. Sydney City Institute National Paid ID 3694
  4. Victoria’s Water Corporations VIC Paid ID 4901
  5. ASX Subsidiary National Paid ID 4002 
  6. Victorian Civil and Administrative Tribunal Members VIC Paid ID 4551
  7. NSW Biodiversity Conservation Advisory Panel NSW Paid ID 5885
  8. Breast Screen Victoria VIC Paid NFP - ID 6293 
  9. ASX - TBA National Paid ID 5517
  10. AHPRA National Boards National Paid ID 4754 

Remuneration of Not for profits

The survey of positions posted 1 January to end of December 2017, found that vacancies posted in the categories of Charity/NFP, Foundation / Trust and Sporting Body comprised:
  • 19 per cent paid directors fees as against 18 percent in 2016
  • 41 per cent paid expenses as against 27 percent in 2016
  • 40 per cent did not pay as against 55 percent in 2016
We have observed a trend to remunerate NFP non-executive directors over the years. But 2017 shows a substantial increase in NFPs paying expenses - up from 27% in 2016 to 41% in 2017. This is welcome. If the NFP sector continues to grow and innovate then its needs to get the governance dividend from a diverse board.  Given the gender pay gap and lower superannuation balances women, in particular, cannot be expected to continually volunteer their expertise and for this to cost them money. Payment of expanses (usually modest) seems appropriate as a starting point.

Note: WOB has offered its free Post a Board Position service since 2006. We track the success of WOB members via our Onboard page and On Board, Success Stories. So please continue to let us know when you get a board or committee role.  The 2016 report of postings is at https://www.womenonboards.net/en-AU/Impact-Media/News/Growing-Number-of-Not-For-Profits-Pay-Directors
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