Our committees

Updated 05 February 2021

Remuneration Nominations committee

Members

Terms of reference

Purpose

The Remuneration Committee is a committee of the board of directors of the SRA (the Board).

The role of the Remuneration Committee is to advise the Board on policies relating to the remuneration of non-executive Board Members, committee members, and the Executive Team.

Policies should be designed to promote the values and standards of the organisation and to support the sustainable delivery of its strategic objectives.

The committee also has a Nominations Committee role, when chaired by the Chair of the Board, in overseeing matters relating to the appointment, reappointment and removal of non-executive directors, and the Chief Executive.

For the avoidance of doubt, neither the Board Chair nor any other director, will be involved in decisions which relate solely to their individual remuneration package. To the extent that committee members are involved in discussions or decisions regarding policies or processes which affect their role or remuneration, these must be objective and evidence-based and reasons must be fully reflected in the minutes.

Duties

Remuneration, terms and conditions of the Board of Directors
  • to determine and to keep under review the policy for Board directors remuneration
  • to determine the total individual remuneration package for the Board chair, and non-executive directors (including any additional provision for the Senior Independent Director and committee Chairs)
  • to determine the performance management and appraisal framework for Board directors.
Remuneration, terms and conditions of the Executive
  • to ensure that an assessment of talent management and succession planning takes place for the Chief Executive and the senior management team.
  • to determine the pay policy, terms and conditions and remuneration framework for the Chief Executive and the senior management team.
  • to determine the performance management and appraisal framework for the Chief Executive and senior management team, and ensure that any award of bonus and incentive payments take place within the agreed framework.
Nominations
  • to oversee the policies and processes for the appointment, reappointment and removal of non-executive directors
  • to advise the Chair of the Board on the selection criteria for non-executive director appointments
  • to advise the Chair on the reappointment of non-executive directors
  • to design and administer the process for the appointment of the Board Chair
  • to convene an appointment panel as required for non-executive director and Chair appointments
  • to design and administer the process for the appointment of the Chief Executive.
Decision-making

The Committee shall normally meet up to two times a year.

The Committee shall be comprised of three members who shall be members of the SRA board, and shall generally sit with the Chief Executive of the SRA and its Executive Director of Resources in attendance.

Quorum for the Committee shall be three members. If it is not possible for the Committee to sit with three members, decisions can be taken in principle at the meeting if ratified by the third member afterwards.

Review

The committee shall, at least annually, review its own performance, constitution and terms of reference and recommend any changes it considers necessary to the Board for approval.

Reporting

The committee shall provide an annual report to the Board on the work it has carried out in the period, and the results of its review of its performance, constitution, and terms of reference as above.

The committee shall provide a description of its work in the annual report, including information in line with legal and regulatory requirements.