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Advice on recruiting and managing CIC advisory panel (Anonymous post 🤫)
Ocean King Staff Senior Community Executive at CharityConnect Posted 6 months ago
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This question is from a member of our community that wishes to remain anonymous:
I am looking at recruiting an advisory group/panel (terms vary) for a small CIC, with a turnover of under £10k. Along with the Directors, we’re working through the range of skills and expertise sought, and the terms of reference for the panel’s involvement. It is hoped that one or two panel members with later be interested in joining the Board of Directors (only two registered at present).
- Is there guidance / best practice on a minimum number of panel members?
- Â Is there a requirement for the number of meetings per year? Presumably the way advice is given to the CIC can vary: online/in-person, group meetings, ad-hoc, via email etc
Remuneration:
a) Is it a requirement? It’s definitely good practice and wouldn’t think of not paying people for their time!
b) How is it best to pay panel members who are reluctant to invoice/receive payment because they do not wish to risk losing any benefits? I know vouchers are sometimes used as an alternative, but it can be tricky from a HMRC/tax perspective.
a) Is it a requirement? It’s definitely good practice and wouldn’t think of not paying people for their time!
b) How is it best to pay panel members who are reluctant to invoice/receive payment because they do not wish to risk losing any benefits? I know vouchers are sometimes used as an alternative, but it can be tricky from a HMRC/tax perspective.
I have done initial research on the above, and I appreciate that some answers will depend on the specific CIC. I wanted to ask the community herein in case there are nay pointers/further guidance we could read.
Many thanks in advance for your time.
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