The purpose of the Nominations & Remunerations Committee is to provide a formal and transparent procedure for remuneration of the Institute’s Chief Executive, developing policy on remuneration for the Executive Directors and for ensuring that the performance of the CEO is reviewed.
They support the Company Secretary with the development and oversight of the processes around both the Non-Executive Director and Co-Opted Non-Executive director elections. Helping to identify skills gaps in the Board group and ensure it leads to an open and transparent process to identify possible candidates for co-option to the Board, making recommendations for appointment as required for the IWFM Board to approve.
They also consider succession planning for Board Directors, the Chair & Deputy Chair of the Board and make recommendations to the Board concerning the formulation of plans for the succession of the Chief Executive. Further considerations are reviewing contractual terms, alongside the head office HR staff, around policies, procedures and performance management systems for all staff, and recommend amendments and their adoption to the Board.
The current Nominimations & Remuneration Committee is made up of the following member volunteers:
Rod Lennox, Chair
Marilyn Standley, Committee Member
Mark Whittaker, Committee Member
Anne Kinder, Committee Member
The full role and Terms of Reference of the Nominations and Remuneration Committee are detailed below.