honorarium

"honorarium" means a portion of the audited net profit of a Co-operative society distributed among some or all of the members of the Board in consideration of their services which would not otherwise be remunerated;
ACT 502 - CO-OPERATIVE SOCIETIES ACT 1993
2. Interpretation.

honorarium

"honorarium" means a portion of the audited net profit of the Commission distributed among some or all of the members of the Board in consideration of their services which would not otherwise be remunerated;
ACT 665 - Malaysia Co-operative Societies Commission Act 2007
2. Interpretation.