Remuneration Committee - Terms of Reference and Membership

Purpose

To determine the remuneration of senior staff of the University.

Terms of Reference

1 a)To receive and review comparative information on salaries, other emoluments, conditions of service and general pay trends in the higher education sector where relevant and ensuring consideration of the public interest and safeguarding of public funds when determining salaries

   b) To oversee overall University pay policy and pay banding

   c) To determine on behalf of Council the salary, other remuneration (including performance reward payments), performance criteria and associated monitoring, and conditions of service of the  following positions:

     i. Vice-Chancellor
    ii. Deputy Vice-Chancellor
   iii.  Registrar
   iv. Pro Vice-Chancellors
    v. Director of Finance
   vi. Director of Human Resources
  vii. Chair of Council (and any other members whom Council determine should be remunerated in accordance with the relevant Ordinance)

2. Exceptionally, the Committee may determine the remuneration of other senior managers and staff as appropriate.

3. To approve the design of, and determine targets for, any performance/merit related pay arrangements operated by the University and approve the total payments made under such schemes.

4. To ensure that all provisions regarding the disclosure of remuneration, including pensions, are fulfilled.

5. To determine a material financial settlement for i) the Vice-Chancellor and ii) where settlements are outside of normal policy , any member of staff listed in [1c] above, in the event of individuals specified in i) and ii) leaving the employment of the institution in circumstances where that is deemed appropriate.

6. In respect of Professorial staff and any individual on the management scale the Committee will: (i) receive and review comparative information on salaries, other emoluments and conditions of service in the higher education sector and review decisions made by the Vice-Chancellor in that context; and (ii) approve the overall reward policy; and (iii) review decisions made by the Vice Chancellor.

7. To set the terms of reference for any remuneration consultants who advise the Committee.

8. To deal with other relevant remuneration matters referred to it by the Council.

9. To recommend to Council the establishment, terms of reference and composition of any time or task-limited working groups deemed necessary to develop, advance or review the Committee’s business.

10. To review the Terms of Reference as required but normally no less than once every three years.

11. To publish its Terms of Reference on the University's website.

Membership

The Committee shall consist of:

- two ex-officio members (the Chair of Council and Vice-Chancellor)

- at least three independent members of Council

- up to two co-opted members

The Executive Director of Human Resources shall attend the Committee.  Other individuals will be invited from time to time to provide the Committee with information on specific items on the agenda.

The Director of Legal and Governance, as University Secretary, shall act as the Secretary of the Committee.

No individual shall be present during discussions or decisions reached in relation to his/her own remuneration.

In order to fulfil its remit, the Committee may obtain external professional advice as necessary.