This can be contentious as many board members feel that they give their time to the organisation and this should be sufficient. But as most people give something to charity (even throwing a coin in a bucket), it seems a good question to ask as to why they should not contribute to the organisation of which they are board members. Giving should be in line with the financial ability of the board member, however small this might be. To say that all board members contribute conveys a powerful message to other prospective funders.
Following the publication of the Report on Corporate Culture and the Role of Boards by the Financial Reporting Council (FRC), the City Values Forum and Tomorrow’s Company have published a guide entitled Governing Culture: Risk and Opportunity? – a guide to board leadership in purpose, values and culture. Published: September 2016.