Board papers cost for wiley

Accounting CFO Business

Team Unit
Managers
Working days per month
Board papers
Preparing board financial report 5 to 8
Review reports before they go to board 2 to 3
Preparing business unit progress reports to the 4 to 6
board
Preparing one-off board reports each meeting 3 to 5 10 to 20
Review and redrafting 1.5 to 3
Binding board papers and organising despatch 0.5 to 1

Working days per month 10.5 to 17 1.5 to 3 14 to 26

Average salary cost $120,000 $250,000 $175,000

Average productive weeks 42 32 32

11 times a year
Low High
Annual Cost ($Millions) $0.5 $0.8
Over next 10 years ($Millions) $5.0 $8.0

Page 1
 Board papers cost for wiley

Senior CEO
Management
Team
king days per month

1 to 1.5

6 to 10
0.5 to 1 3 to 5

7.5 to 12.5 3 to 5

$250,000 $400,000
32 32

6 times a year
Low High
$0.4 $0.6
$4.0 $6.0

42

Working weeks Accounting

11 2.1 £120,000 £66,000

11 3.4 £120,000 £106,857

Page 2
 Board papers cost for wiley

32 32

Working weeks CFO Working weeks Business Unit Managers

0.3 £250,000 £25,781 2.8 £175,000

0.6 £250,000 £51,563 5.1 £175,000

Page 3
 Board papers cost for wiley

32 32

Business Unit Managers Working weeks Senior Management Team Working weeks CEO

£168,438 1.5 £250,000 £128,906 0.6 £400,000

£306,797 2.5 £250,000 £214,844 1 £400,000

Page 4
 Board papers cost for wiley

£82,500 $ 471,625 $ 470,000

£137,500 $ 765,998 $ 770,000

Page 5
 Board papers preparation cost

500 FTE organisation with monthly management and board reports

Accounting CFO Business SMT
team unit
managers

Board papers
Preparing board financial report 5 to 8 1 to 1.5
Review reports before they go to Board 2 to 3
Preparing business unit progress reports to the 4 to 6
Board
Preparing one-off board reports each meeting 3 to 5 10 to 20 6 to 10
Review and redrafting 1.5 to 3 0.5 to 1
Binding Board papers and organising despatch 0.5 to 1

Working days per month 10.5 to 17 1.5 to 3 14 to 26 7.5 to 12.5

Average salary cost $120,000 $250,000 $175,000 $250,000

Average productive weeks 42 32 32 32

11 times a year 6 times a year

Low High Low
Annual Cost ($Millions) $0.5 $0.8 $0.4
Over next ten years ($Millions) $5 $8 $4

Page 6
 Board papers preparation cost

rd reports
CEO

3 to 5

3 to 5

$400,000
32

6 times a year
High
$0.6
$6

42

Working weeks Accounting Working weeks

11 2.1 £120,000 £66,000 0.3

11 3.4 £120,000 £106,857 0.6

Page 7
 Board papers preparation cost

32 32

CFO Working weeks Business unit managers

£250,000 £25,781 2.8 £175,000 £168,438

£250,000 £51,563 5.1 £175,000 £306,797

Page 8
 Board papers preparation cost

32 32

Working weeks SMT Working weeks CEO

1.5 £250,000 £128,906 0.6 £400,000 £82,500

2.5 £250,000 £214,844 1 £400,000 £137,500

Page 9
 Board papers preparation cost

$ 471,625 $ 470,000
$ 765,998 $ 770,000

Page 10
 summary

Accounting CFO Business SMT

team unit
managers
Working days per month 10.5 to 17 1.5 to 3 14 to 26 7.5 to 12.5

Average salary cost $120,000 $250,000 $175,000 $250,000

Average productive weeks 42 32 42 32

Board meeting frequency 11 times a year 6 times a year

Low High Low
Annual Cost ($Millions) $0.4 $0.8 $0.2
Over next ten years ($Millions) $4.4 $7.7 $2.4

Page 11
 summary

CEO

2 to 3

$400,000
32

6 times a year
High
$0.4
$4.2

42 42

Accounting Budget holders

90 £120,000 £51,429 840 £250,000

144 £120,000 £82,286 1200 £250,000

Page 12
 summary

32 32

Budget holders CEO SMT

£1,000,000 600 £250,000 £937,500 102 £400,000 £255,000

£1,428,571 1200 £250,000 £1,875,000 222 £400,000 £555,000

Page 13
 summary

$ 2,243,929
$ 3,940,857

Page 14