Terms of Reference of the Royal Mint's Nominations Committee

1.0

  • The Nominations Committee will comprise all the Non-Executive Directors and the Director, Shareholder Executive.

  • The Chief Executive will attend the meeting.
  • The Director of Human Resources will be Secretary to the Nominations Committee.
divider

2.0

Functions

The functions of the Nominations Committee will be to:

  • Oversee appointments of executive and non-executive directors.
  • Act as the final selection process.
  • The final selection panel will be made up of the 2 most appropriate non-executive directors and the Director, Shareholder Executive, as appropriate.The Chief Executive will also attend as appropriate.
  • Determine the remuneration package to be offered in line with the Remuneration Committee recommendations and the parameters agreed with the Cabinet Office in 2008.
  • Ensure that all recruitment follows OCPA best practice.
divider

3.0

Remit

The Nominations Committee has responsibility for the following appointments:

  • Chief Executive (Tier 1);
  • Finance Director (Tier 2);
  • Members of the Chief Executive's Executive Team (Tier 3).
divider

4.0

Chief Executive Appointment

For the appointment of the Chief Executive, a Civil Service Commissioner would be involved in the appointment process in line with normal practice.In addition, the composition of the Chief Executive Selection Panel would be agreed separately.