Guidance Notes

Such a committee is not a requirement, but there are increasing numbers of them. This guidance note sets out how to ensure this committee adopts good practice in accordance with other committee recommendations under the UK Corporate Governance Code.

The issue of executive pay in the charity sector (and other parts of the economy) regularly attracts the attention of the media and sector commentators. Regardless of views as to what is deemed to be an appropriate level of remuneration for senior leaders in diverse and complex organisations as those found in the charity sector, there is an expectation that charities should be transparent about how they spend their resources. This includes the level of remuneration paid to senior staff members.

This guidance note proposes outline terms of reference for the risk committee of a company seeking to comply fully with the UK governance requirements.

It is essential that the audit committee is properly constituted with a clear remit and identified authority.

The terms of reference for the nominations committee for a company seeking to comply fully with the requirements of the UK Corporate Governance Code.

There should be a formal and transparent procedure for developing policy on executive remuneration and for fixing the remuneration packages of individual directors.

Guidance for charities in using best practice principles to define the role and responsibilities for the charity treasurer – charity terms of reference and example documents.

This guidance note offers model terms of reference for the remuneration committee of a charity registered in England and Wales.

This guidance note proposes model terms of reference for the audit and risk committee of an academy trust seeking to comply fully with the requirements of the Department for Education’s (DfE) and the Education and Skills Funding Agency’s (ESFA) guidance.