Financial Statements For the year ended
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| Meetings attended Chair: Lucy Winskell, OBE DL 4/4 Lay members: Richard Cooper, IEE/IET 4/4 Amin Dasmura (from William Matthews, C.Eng, MIET, MCIM 4/4 Nora Nanayakkara, BA MBA 4/4 Geoffrey Podger (to Tom Spender, LLB (from Suzy Walton, BSc PhD (to 30/11/21) Members from Council Sharon Critchlow, FCCA APFS Chartered MCSI FRSA 4/4 Den Surfraz, FCCA (from 18/11/21) 1/1 Dinusha Weerawardane, FCCA PhD MSc BSc LLB SFHEA CMgr MCMI (to Profiles of the Board members can be found on ACCA’s website ( www.accaglobal.com ). The Regulatory Boards Terms of Reference are also available from ACCA’s website at Regulatory board | ACCA Global Lay members receive a small retainer and an attendance fee per meeting. The Regulatory Board and its sub-boards are supported internally by the ACCA Secretariat. Association of Chartered Certified Accountants Corporate Governance Statement for the year ended 31 March 2022 International Assembly ACCA’s International Assembly is a diverse representative group of ACCA members whose role is to provide input into strategy and development through its advisory role to Council. The International Assembly was formed in recognition of ACCA’s growth with an increasingly diverse and mobile membership. There are 54 representatives on the International Assembly, representing all regions where there are ACCA members. The International Assembly meets once a year, at an appropriate point in the period September to November when the meeting is timed to enable Council and Assembly members to meet virtually and interact in a joint discussion session and in addition, the Assembly met again virtually at the midpoint in the year to increase engagement. Details of the terms of reference of the International Assembly are available on request from ACCA. Senior management and remuneration The chief executive and five executive directors (year ended 31 March 2021: six) form the Executive Team and are responsible for the day-to-day management of ACCA on behalf of Council and for the implementation of Council policy. During the year, one executive director – Markets left ACCA and has not been replaced. The total salary (including bonus and allowance paid) and benefits of the chief executive in the year ended 31 March 2022 was £435,308 (year ended 31 March 2021: £394,074). This includes a fixed non-pensionable allowance in lieu of pension benefits, introduced in August 2013 when the chief executive agreed to vary her contract of employment following the closure of the defined benefit pension scheme and an additional allowance in lieu of pension contributions – see Pensions and Benefits below. When reviewing the salaries of the members of the Executive Team, the Remuneration Committee takes into account the salary increases applying to the rest of the workforce and external benchmark data. External benchmark data is obtained on pay in other professional membership associations (including a subgroup of accountancy associations) and general industry data for organisations of a similar size. Contribution-based pay was fully embedded within ACCA in 2018-19. Under this process employees salaries are reviewed based upon their performance in role and position in range. The base salaries of the chief executive and executive directors at 31 March 2022 and 31 March 2021 are shown below on a banded basis. Download 0.68 Mb. Share with your friends:
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