PURPOSE
The purpose of the Management Resources & Compensation Committee Terms of Reference is to ensure that the responsibilities and expectations delegated to the Management Resources & Compensation Committee by the Board of Governors are clear and well defined.
COMMITTEE OBJECTIVES
The function of the Management Resources & Compensation Committee is primarily to act for the Board of Governors in considering Presidential and Vice-Presidential appointments.
Without limiting the general responsibilities as described above, the Management Resources
& Compensation Committee shall:
| 1. | Review and recommend to the Board of Governors criteria for selection of the President. |
| 2. | Recommend terms of reference and organizational structure of the Presidential Selection Committee. |
| 3. | Oversee the Presidential Selection Committee through the process of selecting one candidate. |
| 4. | Conduct an annual performance review of the President. |
| 5. | Through the President, conduct an annual performance review of the Vice-Presidents (the President will report to the MRCC on the performance of Vice-Presidents). |
| 6. | Approve appropriate compensation packages for the President and Vice-Presidents. |
| 7. | Ensure adequate succession plans for Vice-President and Associate Vice-President positions. |
| 8. | Advise and assist the Board of Governors on ways to help the President advance the strategic goals of the University. |
ACCOUNTABILITY
The Management Resources & Compensation Committee is required to report on action taken at the next regularly scheduled meeting of the Board of Governors.
