Terms of Reference of the Royal Mint's Executive Management Team

Introduction

The Executive Management Team 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 Board
• Development of annual corporate plan, for submission to Board
• Approval of all capital expenditure and major contracts not requiring 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