The purpose of this Committee is to establish and conduct a formal and transparent process for the remuneration packages for the Chief Executive Officer, along with
independent members of Board Committees, Route Panel chairs and members and the Institute’s senior civil servants.
The Remuneration Committee will consider and make decisions on
The Committee shall:
No Board member shall be involved in any decisions as to their own remuneration. The remuneration of the CEO is a matter for the Chair of the Board. The CEO will not be involved in any decisions on their own remuneration.
Human resources support will ensure that any provisions regarding any disclosure of information, for example within Annual Reports or other government requirements, are fulfilled.
The Committee will ensure that decisions on reward are fair and free from bias and that the outcomes work towards equal pay.
The Committee is accountable to the Institute’s Board.
The Committee will consist of at least two and no more than four Board members. The Chair of the Board will chair the Committee. Quorum is two Board members. An HR representative will attend the meeting.
The Committee will meet at least twice a year, and at such other times as required.
Board: Dame Fiona Kendrick