Oregon Board Member Agreement
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How to fill out Board Member Agreement?
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FAQ
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.
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)
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.
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.