Financial Statements For the year ended
Download 0.68 Mb. View original pdf
|
- Navigate this page:
- Audit Committee
| Meetings attended Chairs: Orla Collins, FCCA MSc LCOI QFA LIB (from Mark Millar, FCCA CA (CAANZ) FHFMA (to Other members: Liz Blackburn, FCCA Chartered MCSI (to 18/11/21) 1/1 Orla Collins, FCCA MSc LCOI QFA LIB (to Sharon Critchlow, FCCA APFS Chartered MCSI FRSA 2/2 John Cullen, FCCA FABRP MIPA (to Jenny Gu, FCCA CA (CAANZ) CICPA (to Arthur Lee, FCCA HKICPA ACMA CPA (from Mark Millar, FCCA CA (CAANZ) FHFMA (from Joseph Owolabi, FCCA CIA CISA 2/2 Siobhan Pandya, FCCA (from Ronnie Patton, FCCA MBA ADE FHEA (from 18/11/21) 1/1 Non-Council member Anand Aithal 2/2 Details of the terms of reference for Nominating and Governance Committee are available from secretariat@accaglobal.com Association of Chartered Certified Accountants Corporate Governance Statement for the year ended 31 March 2022 Audit Committee A separate Report from the Audit Committee has been presented at pages 57 to 60. This is in accordance with the revised ISA (UK) 700 Audit Report which was issued in 2019 and updated in January 2020. Remuneration Committee Remuneration Committee is responsible for determining and agreeing a policy framework for the remuneration of the Chief Executive and senior staff that is clearly aligned to the delivery of ACCA’s strategic objectives. This is achieved by rewarding senior staff for high standards of performance and their contribution to the success of ACCA whilst ensuring that the framework adheres to the principles of good corporate governance. The Committee currently consists of eight members of Council and an external adviser. The Committee’s work plan during 2021-22 included a review of succession planning arrangements for the senior management team a benchmark review of remuneration within the scope of the Committee a review of the components and objectives of the senior management reward scheme and consideration of ACCA’s people strategy as a whole. The Committee has also taken external independent advice from reward consultants Aon. This advice related to external benchmarking data and market practice. The Committee will be required to use their discretion and report on whether the remuneration policy operated as intended and what (if any) changes were required. The Chief Executive, the Secretary (in his role as Secretary to the Committee) and other members of staff may attend meetings at the invitation of the Committee Chair. No Executive is present when their own remuneration is discussed. The members of Remuneration Committee during the year and their attendance at meetings were: Download 0.68 Mb. Share with your friends:
|