Remuneration Committee

Terms of Reference and Membership 2017/18

1

The Terms of Reference of the Remuneration Committee are:

(a)

To develop an overall reward 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 Vice-Chancellor’s Executive Group ie:

 

  • Vice-Chancellor
  • Provost
  • Deputy Vice-Chancellors
  • Registrar and Secretary
  • Deputy Registrar & Director of People Services and Global Partnerships
  • Chief Financial Officer
  • Director of Communications and Corporate Affairs
  • College Pro-Vice-Chancellors
  • Chief College Operations Officer
  • Director of Campus Infrastructure and Operational Support Services

 

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

(c)

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

(d)

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

(e)

To approve any severance terms for members of the Vice-Chancellor’s Executive Group on the termination of their employment and to receive a report on any severance terms agreed for senior officers of the University within the remit of the Professorial and Senior Salaries Committee.

(f)

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.

(g)

To agree an annual framework of work and to review and report on progress by providing an annual report (for Council and the University Financial Statement) which is transparent and meets the requirements of good governance.

(h)

To agree what information about the work of the Committee and executive reward arrangements should be published on the University’s Governance webpages (in addition to the annual framework of work and annual report).

2

Membership

(a)

The membership of the Remuneration Committee is: 

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

(b)

The Chair will be appointed by Council from among the independent members of the Committee. 

3

Procedures

(a)

The Committee will invite the Vice-Chancellor, the Deputy Registrar & Director of People Services and Global Partnerships, the Provost and the Registrar and Secretary to attend part of the Committee’s meetings, in an advisory capacity, as required, to consider the University’s Reward Strategy and practices and to provide information and answer any questions from the Committee.

(b)

No member of staff will be present when the Committee makes decisions on the reward of members of the Vice-Chancellor’s Executive Group.

(c)

The University’s Directorate of Compliance, Governance and Risk will act as Secretary to the Committee.

(d)

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

 

  • Chair: Richard Atkins (Independent member of Council and Pro-Chancellor)
  • Sarah Turvill (Independent member and Chair of Council)
  • Sarah Buck (Independent member of Council and Pro-Chancellor)
  • Kiron Farooki (Independent member of Council and Dual Assurance independent lead for Equality and Diversity)
  • Judy Hargadon (Independent member of Council) 

 

A summary of the latest minutes will appear here soon.

Remuneration Committee: schedule of meetings for 2017/18

September 2017

Meeting of Remuneration Committee, 25 September 2017

The primary purpose of this meeting is to:

  • Agree annual report to Council and for Financial Statement
  • Discuss presentation to October meeting of Council
  • Agree annual institutional targets and personal targets for member of VCEG for 2017/18 following VCEG Residential
  • Review achievement of annual institutional targets and personal targets and agree payments under the Executive Performance Reward Scheme

October 2017

Special Meeting of Remuneration Committee, 18 October 2017

The primary purpose of this meeting is to:

  • Review and revise terms of Reference, Membership and operating arrangements for the Committee
  • Finalise annual report for Financial Statement
  • Finalise annual institutional targets for 2017/18
  • Consider future long-term institutional performance reward arrangements.

 

Presentation to Council, 19 October 2017

December 2017

Special Meeting of Remuneration Committee, 20 December 2017

The primary purpose of this meeting is to:

  • Review operating arrangements for the Committee, taking account of national developments.
  • Consider future long-term institutional performance reward arrangements.

May 2018

Preparation of papers for 26 June 2018 meeting, including:

  • summary of benchmark pay data
  • proposed institutional targets for 2018/19

June 2018

Finalise of papers with Chair of Committee and Executive advisers to the Committee

 

Meeting of Remuneration Committee, 26 June 2018

The primary purpose of this meeting is to:

  • review pay of members of VCEG and makes decisions
  • review proposed institutional targets for 2018/19

 

After Committee:

  • Draft minutes and agree with Director of People Service and Chair
  • Notify managers of outcomes.
  • Notify payroll of any changes for implementation in August

July 2018

August 2018

September 2018

Preparation of papers for 1 October 2018 meeting.

VCEG Residential

October 2018

Finalise of papers with Chair of Committee and Executive advisers to the Committee

 

Meeting of Remuneration Committee, 1 October 2018

The primary purpose of this meeting is to:

  • Agree annual report to Council and for Financial Statement
  • Discuss presentation to October meeting of Council
  • Agree annual institutional targets and personal targets for member of VCEG for 2018/19 following VCEG Residential
  • Review achievement of annual institutional targets and personal targets and agree payments under the Executive Performance Reward Scheme
  • Agree agenda for December 2018 meeting

October 2018

After Remuneration Committee:

  • Draft minutes and agree with Director of People Services and Chair of the Committee
  • Agree post Committee actions with Director of People Services and Chair of the Committee
  • Notify managers of outcomes.
  • Notify payroll of any changes for implementation in October
  • Finalise presentation to October meeting of Council.
  • Finalise annual report to Council and for Financial Statement

 

Date of this version: 11 December 2017