To provide an illustration of the possible reimbursements, we list a basic example.\u00a0 If an Israeli amuta\u2019s<\/em> financial turnover is up to ten million shekels annually, the Executive Board can have a maximum of twelve meetings, the Audit Committee can have a maximum of twelve meetings annually, the permanent committee of the Executive Board can have a maximum of eight meetings annually, and each board or committee member is entitled to a maximum of 505 NIS per meeting, while the board chairperson is entitled to a maximum of 555 NIS per meeting.\u00a0 If for some reason the Israeli non-profit organization cannot promote its objectives or activities without meetings beyond what is listed, the General Assembly must approve further meetings, and only in this case can further payments be made. The extra meetings may not exceed 150 percent of the number of meetings.\u00a0 The chairperson may not earn more than 15,000 NIS in payment for their participation and role.<\/p>\n

For organizations that have a financial turnover that exceeds ten million shekels, payments for the Executive Board and Audit Committee members as well as the Executive Board chairperson are permitted to be higher.<\/p>\n

Contact Us<\/h4>\n

If you have further questions about your amuta<\/em> payments to board members, committee members or your chair person, feel free to contact us.<\/p>\n

Advocate Joshua Pex specializes in Israeli non-profit law and would be happy to assist you with the needs of your Israeli non-profit organization.<\/p>\n

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This article discusses the number of Executive Board and Audit Committee meetings that are permitted as well as amuta payments to board members who attend the meetings. This Series of Posts Our team of lawyers at our law firm has experience in a variety of fields, including Israeli non-profit law.\u00a0 This article focuses on what…<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[185],"tags":[280],"class_list":["post-8929","post","type-post","status-publish","format-standard","hentry","category-non-profit-organizations-en","tag-payments-to-board-members"],"acf":[],"yoast_head":"\n