The Oregon Board Member Agreement is a legally binding contract that outlines the rights, responsibilities, and expectations of individuals serving as board members for organizations located in the state of Oregon, United States. This agreement is essential in ensuring smooth operations and maintaining effective governance within the organization. Key Terms: 1. Board Members: Refers to individuals who have been appointed or elected to serve on the board of directors or similar governing body of an organization. 2. Duties and Responsibilities: The agreement outlines the specific duties and responsibilities of board members, including but not limited to strategic decision-making, fiduciary duties, oversight of operations, and ensuring compliance with legal and ethical standards. 3. Term of Service: Specifies the duration of the board member's term, which could range from a fixed period (e.g., one year, two years) to indefinite. 4. Meetings and Attendance: Describes the frequency, format, and requirement for board meetings. It highlights the importance of regular attendance and participation by board members in these meetings. 5. Confidentiality and Non-Disclosure: Addresses the sensitive nature of certain board discussions and materials, requiring board members to maintain confidentiality and refrain from sharing privileged information. 6. Conflict of Interest: Covers conflicts or potential conflicts that may arise between a board member's personal interests and the organization's interests. It typically requires disclosure and refusal when such conflicts occur. 7. Removal and Resignation: Outlines procedures for the removal or resignation of a board member, including grounds for removal and the process for filling vacancies. Types of Oregon Board Member Agreements: 1. Nonprofit Board Member Agreement: Specifically tailored for nonprofit organizations operating in Oregon, this agreement may include additional provisions related to IRS compliance, fundraising obligations, and other aspects unique to nonprofits. 2. Corporate Board Member Agreement: Designed for corporations incorporated in Oregon, this agreement focuses on corporate governance principles, legal compliance, and the responsibilities of board members in managing the company's affairs. 3. Government Board Member Agreement: Pertaining to boards serving government entities in Oregon, this agreement often reflects specific statutory requirements and obligations that must be fulfilled by board members. 4. Educational or School Board Member Agreement: Addresses the governance of educational institutions, such as public or private schools, colleges, or universities. It encompasses matters related to academic policies, student affairs, and collaboration with district authorities. 5. Advisory Board Member Agreement: Agreements for advisory board members who may provide input, guidance, or specific expertise to organizations or companies. These agreements often focus on the expectations from advisory board members, including regular meetings, information exchange, and collaboration with the organizational leadership. In conclusion, the Oregon Board Member Agreement is a crucial document that sets out the guidelines and expectations for board members serving in various organizations throughout Oregon. By establishing clear obligations and responsibilities, this agreement promotes effective governance, ensures legal compliance, and enhances the overall functioning of the entity.
Oregon Board Member Agreement
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How much do board members make? The average salary for a board of directors member is $78,336 per year . This amount can vary depending on factors like the size of the organization and its industry. Many board members receive compensation as a base retainer fee rather than hourly wages.
Board member contracts are not mandatory, although having them in place is best practice and can help ensure Board members are aware of their responsibilities, what is expected of them, and what they expect from the organization to enable them to more effectively lead.
Oregon law allows state board and commission members to receive statutory per diem compensation and reimbursement of certain expenses for each day or portion thereof which they spend time performing board or commission duties.
If your organization is a mutual benefit corporation or religious and you're not planning to apply for 501(c) status, you only need one board member. If your organization is a public benefit corporation or you'll be applying for 501(c) status with the IRS, you'll need at least three board members.
How much does a School Board make in Beaverton, Oregon? As of , the average annual pay for a School Board in Beaverton is $102,226 a year. Just in case you need a simple salary calculator, that works out to be approximately $49.15 an hour. This is the equivalent of $1,965/week or $8,518/month.
Board members typically receive compensation for their service, but similar to independent directors, they often don't earn a salary or hourly wage. Instead, they often receive compensation via retainer fees, stock options, stock grants, and more.
Typically, you'll have to follow these basic steps when adding a new board member: Hold a meeting of the board of directors. Draft a resolution to add a member. Make sure you have a quorum (the minimum number of directors who must be present to hold an official vote, which should be specified in your bylaws)
