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

Meet your trainers

You'll be guided and supported by experts and thought leaders
Nick Chapman
Trainer
"Perfection is not attainable, but if we chase perfection we can catch excellence."
- Vince Lombardi

I joined Monarch Institute in December 2015. Prior to joining the Monarch team, I was the General Manager of Rockwell Financial Services Group’s consumer investment business. I joined Rockwell after 10 years at the Bennelong Group, one of Australia’s leading private equity and funds management groups.

During my time at Bennelong, I held various positions including General Manager and Director of Aurora Media in Dubai, Director of i-comm Media in London, CEO of Crown Content in Melbourne. My time there culminated in my appointment to the position of Group General Manager.

I have also held positions at various charitable organisations, including the Bennelong Foundation and the Butterfly Foundation. I hold a double degree in Law and Commerce, and am a Member of the Australian Institute of Company Directors.

What makes me jump out of bed each morning?

I love sport and I’m passionate about fixing things myself. I’m pretty handy with a drill. I’m a half-glass full person, so I focus on the times my handy work results were “well received” by my partner. The time I needed to call out an emergency tradesman, … well I focus on the positives.  I love cooking, particularly I enjoy preparing slow cooked stews for my partner, family and friends.

Josh Wilson
Mentor
"Limitations live only in our minds. But if we use our imaginations, our possibilities become limitless."
– Jamie Paolinetti

I am a qualified financial planner with tertiary and vocational qualifications in financial planning and law. I’ve had 17 years of experience in the financial planning and wealth management industry. I have worked as a financial planner for a large Australian bank and boutique wealth management firm for over 10 years, and prior to that, as a fund accountant for a London-based asset manager.

What makes me jump out of bed each morning?

I am usually woken up by my two girls first! I get excited to see my heirloom tomatoes growing strongly in spring. I love cooking at home on the weekend, hanging out in the park with my wife and two girls, and I’m a mad (suffering) Carlton supporter.

Any questions? Ask away!

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Governance courses.
For the real world.

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What governance course would you like to study?

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.

Full course

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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