Kentucky Boiler Practice Exam

Do board members receive a salary for their service?

1. Yes, a small stipend

2. No

3. Depending on their role

4. Yes, based on their experience

The correct answer is: No

In many cases, board members serve in a voluntary capacity without receiving a salary for their service. This practice is often adopted to ensure that members are acting in the best interests of the organization rather than for financial gain. Serving without compensation encourages individuals to participate based on their expertise, commitment to the mission, and desire to contribute to the success of the organization rather than for monetary rewards. While some organizations may offer stipends or payments based on specific roles or experience, these scenarios are exceptions rather than the norm. It's important for board members to be motivated by service rather than financial incentive, preserving the integrity and mission of the organization they represent.