The top jobs - how much are they worth?

National Native Title Conference, Alice Springs, NT
3–5 June 2013
Anthony Beven

Abstract

The positions of CEO and director in any organisation come with great responsibility and scrutiny. This is because the success or failure of an organisation often depends on the people appointed to these top jobs.

It is not surprising then, that when something does go wrong it is the CEO and the directors that are looked to for an explanation. In this process the payments made to the CEO and directors, including any salary and wages, are often under the spotlight.

Despite the responsibilities many directors of Aboriginal and Torres Strait Islander corporations volunteer their time as a service to their community.

So how does an Aboriginal and Torres Strait Islander corporation choose the right people for the top jobs? Should directors be paid sitting fees to recognise the responsibility of their position? Do sitting fees attract directors with greater experience and qualifications? How much is the right amount to pay a CEO?

This paper will look at the importance of the CEO and directors in delivering good governance and the benchmarking of the remuneration for these positions.