Terms of Reference

Strategic development, planning, performance monitoring and resourcing items for consideration and decision

• To set the strategy for the remuneration of the Vice-Chancellor and their Direct Reports ["Senior Post holders"], Heads of Departments, Professors and the Senior Management Pay Group in the context of the CUC HE Remuneration Code of Governance as expressed in the University's Strategic Remuneration and Senior Remuneration Governance Framework.
• To review and approve salaries and terms of employment of the Vice-Chancellor and President and their Direct Reports under the delegated authority of Council, taking account of value for money, proportionality, contextual HR landscape and relativities for the remuneration of the wider University workforce comparative external and internal data on remuneration.
• To promote the University's responsibilities for equality and diversity and inclusion by ensuring that relevant information is given full consideration in relation to the remuneration of the groups overseen by the Remuneration Committee, and also the context of wider workforce remuneration and demographics.
• To ensure that the corporate risk and specific risk implications of senior staff remuneration is understood, assessed and managed on behalf of Council, including internal senior staff development, wider workforce development, value for money and external regulatory compliance*.

* See section 4 of the Risk Management Policy Framework

Policy and regulatory matters

• To review and approve the University's Strategic Remuneration Principles and Senior Remuneration Governance Framework and periodic amendments to it, and other policies and regulation which support the Principles and Framework.
• To approve, and recommend for Council assurance and publication an annual report and annual statement on senior remuneration to council as a stand-alone document and for incorporation of aspects in the University's annual financial statements.
• To ensure compliance with external regulatory return and policy requirements on behalf of council, including of the Office for Students (OfS), the CUC HE Remuneration Code of Governance, UCEA and The Charity Commission, and that the Committee's decisions and policy framework are informed by these.
• To annually review the expenses and other allowances and benefits paid to the Vice-Chancellor, other senior staff and external council members.