Remuneration Committee

Terms of Reference and Membership 2014/15

1 The terms of reference of the Remuneration Committee are:
(a) To develop an overall remuneration strategy and policy to cover the remuneration, benefits and conditions of employment of the senior officers of the University.
(b) To review and determine the remuneration, benefits and conditions of employment of the “Executive tier” ie:
 
  • the Vice Chancellor
  • the Provost
  • Deputy Vice Chancellors
  • Chief Operating Officer
  • Deputy Chief Operating Officer
  • Chief Financial Officer
  • Director of Human Resources
  • Director of Communications and Corporate Affairs
  • College Deans
  • Other senior officers of the University as determined by the Council of the University
 

taking account of comparative information on the remuneration, benefits and conditions of employment in the University sector and elsewhere as appropriate. 

(c)

To review and determine any bonus arrangements and other additional payments for members of College Executives and other Directors of Professional Services as recommended by the Professorial and Senior Salaries Committee.

(d)

To set the strategy, policy and parameters for the review and determination of the remuneration and benefits of Professors and other senior officers of the University within the remit of the Professorial and Senior Salaries Committee.

(e)

To review the decisions of the Professorial and Senior Salaries Committee, including any discretionary revisions to remuneration made between meetings of the Group.

(f)

To approve any severance terms for members of the Executive tier on the termination of their employment and to receive a report on any severance terms agreed for Professors and other senior officers of the University within the remit of the Professorial and Senior Salaries Committee.

(g)

To promote the University’s responsibilities for equality and diversity by ensuring that relevant issues are given full consideration in all matters relating to the remuneration of all staff falling within the remit of the Committee and of the Professorial and Senior Salaries Committee.

(h)

To provide Council with an annual report which is transparent and meets the requirements of good governance. 

2

The membership of the Remuneration Committee is: 

 
  • Chair of Council (to Chair)
  • Two Pro-Chancellors (one of whom will be the Dual Assurance lay lead for Finance)
  • Two other lay members of Council (one of whom will be the Dual Assurance lay lead for Equality and Diversity) appointed by Nominations Committee
  • the Vice-Chancellor
  • the Provost
 

Also in attendance (not members of the Committee): 

 
  • Director of Human Resources (who will act as Secretary to the Committee)
  • Chief Operating Officer
3

No member of staff should be present for the discussion on the Vice-Chancellor’s salary and no member of staff should be present for the discussion on his/her own salary.

4

The Committee will determine its own timetable for meetings but will be expected to meet on a minimum of two occasions each year.