"Board service can be lucrative but the path to a paid position often requires a significant time commitment"
"For many, the journey to a €79,655-a-year non-executive director role on a board starts with years of unpaid service on a voluntary or not-for-profit board."
"At roughly 100 hours annually over three years, that's estimated to be more than €20,000 in lost income for a senior professional, making it Ireland's most expensive apprenticeship, accessible only to those with financial security and time to spare."
Board roles that pay around €79,655 annually are often preceded by years of unpaid service on voluntary or not-for-profit boards. Typical unpaid preparation averages roughly 100 hours per year over three years and translates into more than €20,000 in lost income for a senior professional. The substantial financial and time costs make the pathway accessible mainly to people with personal wealth and flexible schedules. That barrier favors economically secure candidates, limits socioeconomic diversity in board recruitment, and entrenches unequal access to lucrative non-executive directorships.
Read at Independent
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