Financial Statements to 31 July 2008 - Perth College - UHI ...

Perth College
The Board of Management has a strong and independent non-executive element and no
individual or group dominates its decision-making process. The Board of Management
considers that each of its non-executive members is independent of management and
free from any business or other relationship which could materially interfere with the
exercise of independent judgment.
Members of the Board of Management are required to self evaluate collectively as well as
individually on an annual basis. The self evaluation process includes consideration of the
collective effectiveness of the Board of Management, and individual reflection on their
adherence to the Seven Principles' of Public Life.
There is a clear division of responsibility in that the roles of the Chairman and Principal are
separate.
Appointments to the Board of Management
Any new appointments to the Board of Management are a matter for the consideration of
the Board of Management as a whole. The Board of Management has a Search and
Nominations Committee, consisting of three non-executive members of the Board of
Management, which is responsible for the selection and nomination of any new member
for the Board of Management's consideration.
The Board of Management ensures that a process is in place to provide appropriate
induction training to new Board of Management members and new Board members are
expected to undertake induction training.
The Public Procedures for Appointing New Board members are available from the Clerk to
the Board of Management or Perth College website.
Members of the Board of Management are appointed for an initial term of office not
exceeding four years and may be reappointed.
Remuneration Committee
The Remuneration Committee comprises three non-executive members of the Board of
Management. The committee is responsible for making recommendations to the Board
on the remuneration and benefits of the Principal.
Details of the remuneration of senior post-holders for the year ended 31 July 2008 are set
out in notes 7 and 8 to the financial statements.
Audit Committee
The Audit Committee comprises four non-executive members of the Board of
Management (excluding the Principal and Chair). The Committee operates in accordance
with written terms of reference approved by the Board of Management.
The Audit Committee meets four times a year and provides a forum for reporting by the
College's external and internal auditors, who have access to the Committee for
independent discussion, without the presence of College management.
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