The Board has established two sub-committees; the Audit and Risk Committee and the Pay and Remuneration Committee.
Audit and Risk Committee
The role of the Audit and Risk Committee is to advise the HRA’s Accounting Officer and the HRA Board on risk management, corporate governance and assurance arrangements in the HRA.
The Committee is authorised by the Board to investigate any activity within its terms of reference and is authorised to seek any information it requires from any employee. All employees are directed to co-operate with any request made by the Committee. The Committee is authorised to obtain outside legal or other independent professional advice and to secure that attendance of outsiders with relevant experience and expertise if it considers this necessary.
Pay and Remuneration Committee
The duties of the Remuneration Committee include:
(a) advising the Board about appropriate remuneration and terms of service for the Chief Executive, Directors and Executive Directors on Very Senior Manager’s Terms and Conditions of Service including:
- all aspects of salary (including any performance-related elements/bonuses);
- provisions for other benefits, including pensions and cars;
- arrangements for termination of employment and other contractual terms;
- Standing Orders and Standing Financial Instructions December 2011
(b) making recommendations to the Board on the remuneration and terms of service of the Chief Executive, other Executive Directors and those on Very Senior Manager’s Terms and Conditions of Service to ensure they are fairly rewarded for their individual contribution to the Authority.
(c) making proper calculation and scrutiny of termination payments taking account of such national guidance as is appropriate.