The Remuneration Committee advises the Board of Trustees on matters relating to the salary and conditions of employment of the Chief Executive and Deputy Chief Executive of OCNLR

Responsibilities

The Remuneration Committee will:

1. make recommendations to the Board on the remuneration of the Chief Executive and the Deputy Chief Executive;
2. receive the performance objectives of the Chief Executive and the Deputy Chief Executive (as agreed with the Chair of the Board and the Chief Executive respectively)
3. monitor the expenses and other benefits of the Chief Executive and the Deputy Chief Executive respectively
4. provide a report, as appropriate, to the Board.

In undertaking the above duties the committee will aim to comply with all relevant legislation and will conduct its business in accordance with Nolan principles.

Membership

This committee consists of the Chairs of the Board and the Finance and General Purposes Committee and the Deputy Chair of the Board.

Mode of Operation

Meetings are convened by the Chair of the Board.