Remuneration Committee

Committee description

Minute Secretary: Emma Leonard, Email: e.leonard@liverpool.ac.uk

Terms of Reference

a)    To approve and annually review the Strategic Reward for Senior Staff Policy (SRSS) which is the policy framework for managing senior staff remuneration and conditions (including non-pay benefits) at the University.

b)    To be responsible, on behalf of the Council, for setting the policy for and agreeing remuneration and reward for members of the Senior Leadership Team (SLT) in accordance with the SRSS policy.

c)    To consider and determine the overall remuneration and objectives of the Vice-Chancellor.  The Chair of Council will:

i)    report on their assessment of the Vice-Chancellor’s performance against the Professional Development Review (PDR) objectives that were agreed

ii)    propose to the Committee any increase in remuneration in accordance with the SRSS policy

iii)    propose to the Committee PDR objectives for the coming year.

The Committee’s recommendations to then be presented to Council for consideration.

d)    To receive reports on the remuneration of staff above Grade 9 who are not members of SLT in accordance with the SRSS policy.

e)    To consider and determine upon proposals for voluntary severance or the early retirement of members of the SLT.  (The determination of such matters with regard to the Vice-Chancellor shall be restricted to the lay members of the Committee.)

f)    To approve policy on the outside earnings of members of the SLT.

g)    To review and note remuneration trends across the University sector using benchmarking data.

h)    To agree the policy for claims for expenses from the Vice-Chancellor and receive regular reports on expense payments made.

i)    To provide an annual remuneration report to Council on the business of the Committee that shall be produced in accordance with the CUC Higher Education Senior Staff Remuneration Code/Office for Students guidance.

j)    To ensure compliance with the CUC Higher Education Senior Staff Remuneration Code/Office for Students guidance in all relevant matters before the Committee.

Frequency of Meetings

The Remuneration Committee usually meets on two occasions during the academic year.

Reporting Relationship

The Remuneration Committee reports directly to the Council.

Quorum

The quorum for meetings of the Remuneration Committee shall be three of its members.