1 Purpose

This Remuneration Sub-Committee is a sub-committee of the Chancellor’s Committee

In order to ensure that the University has a transparent, competitive and appropriate remuneration structure, the Remuneration Committee shall be responsible for making recommendations to the Chancellor’s Committee on remuneration arrangements and renewal of contracts for the Senior Executive positions of the University.

2 Responsibilities

The Remuneration Committee shall consider and make recommendations to the Chancellor’s Committee in relation to:

• The remuneration arrangements and performance assessments of Senior Executives measured against agreed performance indicators;

• Monitoring the Remuneration Policy of the University with reference to appropriate market information including but not limited to executive remuneration surveys, comparisons with salary arrangements for University staff covered by Industrial Agreements and general economic indicators such as Consumer Price Index movements; and

• Renewal of contracts for Council appointed Senior Executives based on an assessment of performance against agreed performance standards.

Senior Executive positions include:

• Vice-Chancellor

• Deputy Vice-Chancellor (Scholarship)

• Deputy Vice-Chancellor (Global Learning)

• Chief Operating Officer.

The Remuneration Committee shall consider recommendations from the Vice-Chancellor with respect to remuneration and performance assessments of Deputy Vice-Chancellor and Chief Operating Officer positions.

3 Authority

The Council authorises the Committee, within the scope of its responsibilities, to:

1. perform activities within its terms of reference;

2. engage independent counsel and other advisers as it deems necessary to carry out its duties;

3. require the attendance of University officers at meetings as appropriate;

4. have unrestricted access to members of management, employees and relevant information;

5. receive any relevant information it requires from any officer or employee of the University or any of its controlled entities.

4 Membership

Council nominates and appoints the Committee members. Membership of the Committee shall consist of:

1. Chancellor (Chair);

2. Members will be appointed for a term of office to run concurrently with the term of Council;

3. Three (3) Council Members who are not employees of the University and who have the appropriate skills and relevant experience in relation to business, human resource management or financial experience in medium to large size organisations; and

4. Vice-Chancellor (except for deliberations in regards to the Vice-Chancellor’s remuneration).

5 Meetings

The Committee will meet to consider remuneration reviews in January or February each year to link in with the University’s performance review and goal setting cycle and senior staff contract conditions.

Meetings to consider appointments and reappointments to Senior Executive positions will be held as required.

6 Ethical Practices, Confidentiality And Independence

Members of the Committee are to:

1. exercise objectivity, and probity in the discharge of their duties and responsibilities;

2. refrain from entering into any activity that may prejudice their ability to carry out their duties and responsibilities objectively and independently;

3. act in a proper and prudent manner in the use of information acquired in the course of their duties and responsibilities;

4. exercise sound judgement guided by highest personal standards of honesty and integrity in all matters relating to membership of the Committee;

5. ensure that they do not place themselves in situations which could lead to, or be perceived to give rise to a conflict of interest; and

6. disclose to the Committee any matter which could compromise, or be seen to compromise, the performance of their duties on the Committee or give rise to a perception of a conflict of interest.

7 Secretary

The Executive Director, Human Resources will act as Secretary to the Committee

8 Performance Evaluation

On an annual basis, the Committee will undertake a self-evaluation of performance utilising the Governance and Risk Management Self Assessment Program for Universities prepared by the QLD Audit Office, or such other self assessment tool as the Committee shall approve. The evaluation shall be submitted to Council.

If directed by Council, the Committee will arrange for an external review of its activities.

9 Review Of Terms Of Reference

These Terms of Reference will be reviewed annually by the Committee to ensure the Terms remain consistent with the Committee objectives and responsibilities. Any proposed amendments to the Terms of Reference will be referred to Council for approval.

10 Other Policy Information