Definition : Director - Attendance fees

Remuneration granted by the syndicate of co-owners to a director for his or her participation at meetings of the board of directors.

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Most co-ownership directors perform their function as volunteers. But, contrary to popular belief, they can be paid. Their remuneration takes various forms: salary, honorariums and attendance fees, just to name a few. This financial compensation, a part of the administrative expenses of the co-ownership, may also include the reimbursement of some expenses incurred by a director.
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