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BCO S/D 2020 FURTHER QUESTION

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › BCO S/D 2020 FURTHER QUESTION

  • This topic has 4 replies, 2 voices, and was last updated 3 years ago by Ken Garrett.
Viewing 5 posts - 1 through 5 (of 5 total)
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  • May 11, 2022 at 6:58 am #655385
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    also sir in this same question, its written that board of trustees is not rewarded whereas management board is. However I don’t agree with it.

    Board of trustees would be comprising of NEDs, and do take a fixed sum.

    And this disagreement is baffling to me

    May 11, 2022 at 6:15 pm #655428
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    You can’t disagree with factual information given in the question.

    This is not a profit-making organisation and it is common for trustees in charities not to be remuneration. They are trustees because they 2ant to help (or to feel good about themselves).

    This had implications for the capabilities of the trustees eg they must have sufficient free time and so often attracts people who are retired or who have otherwise left the workforce.

    May 12, 2022 at 3:21 am #655433
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Alright noted sir.

    What about NGOs? Their supervisory board WILL NOT BE paid?

    And public sector organisations(government controlled)? Their supervisory board SHOULD BE PAID like for-profit organisations?

    May 12, 2022 at 6:00 am #655438
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    In anything other than a charity, most people expect to be paid for work done.

    May 12, 2022 at 6:00 am #655439
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    In anything other than a charity, most people expect to be paid for work done.

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