The Market

Should board members be paid?

Teri Rogers Headshot - Floral
By Teri Karush Rogers  |
July 15, 2011 - 12:55PM

That's the question taken up by Habitat Magazine: "Many people don't want to do something for nothing anymore," the magazine notes. "So why are professionals and most board members dead set against the notion of paying for board service?"  Apparently, the main concern is that money would create the wrong incentive to serve on the board, even as it would raise expectations among the shareholders for results that any board--on the payroll or not--might find hard to achieve.  Interestingly, the article reports that a few small, self-managed buildings do compensate board members in the $500/month range for shouldering property-management duties, and it seems to be working out fine. (

Teri Rogers Headshot - Floral

Teri Karush Rogers

Founder & Publisher

Founder and publisher Teri Karush Rogers launched Brick Underground in 2009. As a freelance journalist, she had previously covered New York City real estate for The New York Times. Teri has been featured as an expert on New York City residential real estate by The New York Times, New York Daily News, amNew York, NBC Nightly News, The Real Deal, Business Insider, the Huffington Post, and NY1 News, among others. Teri earned a BA in journalism and a law degree from New York University.

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