Nominations & Remunerations Committee

Nominations & Remunerations Committee

The FSP's Nominations and Remunerations Committee is chaired by the FSP's Chairman, Trevor Matthews, and two further board members are on the committee.

Its main role and responsibilities are:

  • To set the level and structure of compensation for senior executives through delegated authority from the Board. 
  • To make recommendations to the Board in identifying potential new members of the Board and various committees.
  • Evaluate the balance of skills, knowledge and experience in the Board/committee and, in the light of this evaluation, prepare a description of the role and capabilities required for a particular appointment.
  • Set out in a letter of appointment the time and responsibility envisaged for all new recruits to the Board/committees.
  • Review annually the level of commitments and time required from non executive directors and committee members.
  • Conduct a performance evaluation on all members of the Board and committees and advise on appropriate action if required.
  • Ensure an orderly succession for appointments to the Board and to senior management to maintain appropriate balance of skills.
  • Ensure the process of advertising, recruitment, and selection is fair, open and orderly.
  • Make publicly available terms of reference explaining its role and the authority delegated to it by the Board.
  • The minutes of, or a report from, each of its meetings shall be submitted to the meeting of the Board immediately following.

To find out more, please contact us directly on: 0845 257 3772

 


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