Financial Statements 2019/2020
CORPORATE GOVERNANCE (continued)
Remuneration Committee Responsibilities of the Remuneration Committee
The Remuneration Committee is responsible for agreeing the pay and conditions for the Vice-Chancellor, and other members of the University Executive Group. The University Executive Team (UET) comprises:
— Vice-Chancellor — Deputy Vice-Chancellor, Learning and Innovation — Chief Financial officer — Chief Operating Officer — Chief Commercial Officer — Chief People Officer — Pro Vice-Chancellor, Executive Dean – Faculty of Science and Technology
— Pro Vice-Chancellor, Executive Dean – Faculty of Professional and Social Sciences
— Pro Vice-Chancellor, Executive Dean – Faculty of Arts and Creative Industries.
Membership of the Remuneration Committee
During 2019/20, the membership of the Remuneration Committee included:
— Matt Lewis — Geraldine Proudler — Martin Taylor — John Athanasiou (until March 2020) — Rebecca Bunting (until December 2019).
All appointments to the Committee are approved by the Board of Governors.
The Remuneration Committee is chaired by an Independent Governor other than the Chair of the Board, which means that the person with responsibility for appraising the performance of the Vice-Chancellor does not also chair the Committee. The Vice-Chancellor is not a member of the Committee.
Name Matt Lewis
Geraldine Proudler Martin Taylor
John Athanasiou Rebecca Bunting
21 October 2019
present present present present
apologies
18 November 2019
present present present present
13 January 2020
present present present present
present not applicable for this meeting
The Chief People Officer attends meetings by invitation of the Committee to provide specialist knowledge and support but he is not present for any consideration of his own remuneration.
Operation of the Remuneration Committee
The University complies with the Committee of University Chairs (CUC) Higher Education Senior Staff Remuneration Code and operates in accordance with best practice as recommended in the Higher Education Code of Governance and other relevant guidance, focusing on a fair, appropriate and justifiable level of remuneration, procedural fairness, and transparency and accountability.
The governance arrangements and the processes that underpin the determination of Vice-Chancellor and senior staff pay are kept under review to ensure that the Committee operates in line with best practice.
Frequency of Remuneration Committee Meetings
The Remuneration Committee usually meets twice per financial year but met three times during 2019/20. Attendance at meetings has been as follows:
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Middlesex University
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