Remuneration Committee

Terms of Reference

MEMBERSHIP

The Remuneration Committee comprises of 6 members, 5 of which are Chairs of the Sub-Committees.  Membership of the Committee is reviewed annually.

The Remuneration Committee shall be responsible for:

1. Annually setting, monitoring and reviewing, targets set for the Principal.
(Amended 22 October 2012)

2. Annually reviewing targets set by the Principal for Senior Post holders, and receiving an annual report from the Principal on progress and achievement.
(Amended 22 October 2012)

3. Advising the Corporation on the annual remuneration and terms and conditions of appointment for all holders of senior posts, the Principal and the Clerk.
(Amended 7 February, 2007)

FREQUENCY OF MEETINGS

The Remuneration Committee shall meet at least once per academic year.

CHAIR

The Chair of the Governing Body shall be the Chair of the Remuneration Committee.  In his/her absence, members of the Committee shall elect a Chair for that particular meeting.

NON MEMBERS ADVICE/ATTENDANCE

The Remuneration Committee shall be entitled to seek advice from any person(s) as seems appropriate.  Such advice might or might not be accepted.

No College Staff can be members of the Committee.

The Committee shall be entitled to invite any person/body to attend a Remuneration Committee meeting, but such attendees shall have no voting or other rights.

QUORUM

A quorum shall comprise of at least 3 members (40% - OFSTED Guidelines)

REVIEW OF TERMS OF REFERENCE

The Terms of Reference for this Committee shall be reviewed every 4 years at the first meeting of the academic year.