Definition : Directors - Directors compensation

The action of a paying a director in consideration of the work carried out for the benefit of the community of co-owners.

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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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