Remuneration Policy

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Approved (5–0) on 4 October 2014.

I. Board of Trustees

Members of the Board of Trustees shall not be entitled to any compensation for the performance of their regular and ordinary duties in compliance with the Corporation Code of the Philippines (B.P. 68), the National Internal Revenue Code (R.A. 8424) and other pertinent regulations on non-profit organizations; however, as permitted by law, they shall be entitled to claim reimbursement for the payment of expenses incurred in the course of performing their regular and ordinary duties or reasonable per diems as may be approved by the Board.

II. Staff and employee

Compensation and other remuneration benefits for hired staff or employee must be industry competitive but not exorbitant in order to attract and retain their services and minimize turnovers that can derail the organization’s administrative operations and regulatory compliance.

III. Honoraria

Honoraria may be paid to anyone who act as lecturers, resource persons, coordinators, or facilitators in seminars, training programs, workshops, and other similar activities conducted to fulfill the purposes of the organization. The rates of honoraria as may be determined by the Board shall depend on the level of responsibilities, nature of work rendered, extent of individual contribution to produce the desired outputs and subject matter expertise.