Industry insights

Governance industry insights
Corporate (revenue > $1 million) board members $5,026 - $62,450 per year NB: median $35,500. See sources below for details.
Government non-departmental organisation board members $7,274 - $59,788 (mid band 3 $27,636.50) per year NB: based on Victorian Government Appointment and Remuneration Guidelines for board members of non-departmental entities, Group A organisations. See sources below for details.
Non-profit board members $10,000 - $30,000 per year NB: majority of organisations that pay board members have annual revenue > $10 million. See sources below for details.
Charity board members $5,000 per year NB: honorarium for a board member of a larger charity with frequent board commitments. Based on survey of charities and non-profit organisations. See sources below for details.
Volunteer positions $0 (Majority of small to medium charity/non-profit board positions are unpaid)

Governance insights

Applying for board positions for the first time? A qualification in governance could help you stand out as a candidate. It’s more than a piece of paper; it’s a sign that you’re committed to being an effective part of the team. Alternatively, formalising your knowledge and skills with a diploma could be that X-factor that your organisation’s remuneration committee is looking for. The Australian Institute of Company Directors suggests that qualifications should be a prime consideration in determining a director’s fees.

Big-picture wisdom

Corporate and not for profit (NFP) governance has been in the headlines a lot recently. Whether it’s the sensationalist stuff about board members’ pay, or the growing trend towards higher standards of corporate social responsibility, people have got some serious opinions.  If you’re about to take the next step up and get involved in a board, you’ve probably got a lot of questions.

A formal qualification in governance will answer a lot of those questions for you. More importantly, it’ll give you the framework you need to solve problems yourself. In collaboration with the rest of your team. For example, you’ll learn about organisational strategic planning. In other words, a step up from the longer-term plans put in place by senior departmental managers.

Make a difference to a cause you’re passionate about

Love volunteering, but want to make an even bigger difference? You could shape the future of a charity or non-profit you love, as a volunteer board member. There are hundreds of vacancies across the country, in different areas from healthcare and disability advocacy to employment services and community arts.

Your next steps

Ready to kick off your career (or side gig) in governance? Monarch Institute’s BSB52315 Diploma of Governance is an effective way to learn from experienced board members and executives who’ve already been where you want to go. Check out the course page and get in touch with one of our friendly course consultants today.





Remuneration sources: jendalitz.com, dpc.vic.gov.au, betterboards.net, pitcher.com.au
Other sources: eganassociates.com.au, ethicaljobs.com.au, communitydirectors.com.au, aicd.companydirectors.com.au

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Step up and take the leadership role you were made for. Study governance and get the strategy, communication and compliance skills you need to get ahead.

A governance qualification could be right for you if you’re ready to make the leap from middle management to executive, or your first board position. Your dedicated trainer will share their industry expertise and guide you through the material every step of the way. And you’ll have plenty of opportunity to apply your learning in real-world scenarios.

Want more information on our current or upcoming course offerings? Get in touch with a consultant today.

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Governance courses

Your Monarch Institute governance course textbooks are endorsed by experienced public officials. They’re packed with case studies and practical exercises. Trainers like Nick Chapman have crucial experience across board types, from private equity to charity. They’ll help you develop the real-world skills and knowledge that boards and hiring managers are looking for – not to mention regulators. Forget the jargon, ‘management speak’ and ’inspirational’ quotes. When you study governance with us, you’ll pick up practical strategies you can implement for the rest of your career.

Can’t wait to step up and take the helm? Already working in an executive role? You’ll love the way your expert trainers support you through extending your capabilities. On your terms, on your schedule.

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