Terms and Conditions

Remuneration

Co-opted Board Member (Digitalisation): £5,000 p.a.

Co-opted Independent Committee Member: £2,500 p.a.

Terms of Office

A maximum of 3 x 3 year terms, with annual appraisal review.

Time Commitment

Board Members are expected to have the capacity to be able to commit to fulfilling their duties and responsibilities as effectively as possible. As a guide, an average of 2 days per month / 1 day for a Committee Member is anticipated per year after induction to include:

  • Effectively preparing for, attending and participating in formal Board and Committee meetings (plus panels, working groups and any special meetings called from time to time).
  • Attending the AGM, away days and training activities.
  • Proactively maintaining good communications and effective relationships with all Board Members, the Chief Executive and other members of the Executive.
  • Regular engagement with the Chief Executive and other members of the Executive.
  • Participating in ad hoc discussions and electronic communications between meetings with other Board Members and employees.
  • Preparing for and attending (including occasionally speaking at) Group events.
  • Participating in other ad hoc events such as Board Member and senior staff recruitment; meetings with Regulators, etc.
  • Preparing and attending own annual appraisal meeting.

Expenses

  • As these posts are remunerated positions, although home to duty travel will not be payable, other reasonable out of pocket expenses will be reimbursed.