Terms of Reference of the Royal Mint's Executive Board
Introduction
The Executive Board has primary responsibility for the day-to-day management of the business.
Membership
Chief Executive
Executive directors
Roles and Responsibilities
- Development of long term strategy in conjunction with Supervisory Board
- Development of annual corporate plan, for submission to Supervisory Board
- Approval of all capital expenditure and major contracts not requiring Supervisory Board approval
- Oversight of pay remit submissions
- Development of remuneration systems for middle management, including performance related pay
- Development of performance appraisal systems
- Compliance with established operating procedures
- Preparation of risk register and subsequent reviews and mitigating actions
- Development of performance improvement programmes