Executive pay: considerations for trust boards

Setting the framework for the pay of the senior executive leader in an academy trust is a key responsibility of the board of trustees. They must ensure that the pay and leadership structure is in keeping with the Nolan principles, is affordable and sustainable in the long term, and is appropriate for the level of responsibility undertaken.

NGA 2020 guidance on setting executive pay

Download NGA guidance - executive pay: considerations for trust boards

This guidance seeks to:

  • outline why getting executive pay right is important and the intricacies involved
  • interpret official guidance on setting executive pay
  • lead trust boards through each major consideration which will result in executive pay being set at an appropriate and justifiable level

Topics covered by this guidance include:

  • direction and guidance from the Education and Skills Funding Agency (new for 2020)
  • roles and responsibilities - the leadership team
  • remuneration and affordability 
  • ethics
  • equalities and pay gaps
  • STPCD
  • thoughts from other sectors
  • recruitment and retention
  • benchmarking 
  • pensions
  • pay ratios 
  • bonuses

How NGA supports MATs

As the MAT governance experts, NGA support trustees with an extensive collection of guidance, insight and training on their responsibilities and best practice:

  • NGA Consultancy provides governance experts who can support trustees with the performance management of their CEO
  • NGA Training provides face to face or virtual sessions on executive leader appraisal and performance management
  • Community MATs network, an active forum for MAT trustees to share governance challenges, successes, ideas and best practice
  • Welcome to a Multi Academy Trust, an in-depth guide for new trustees and a useful reference for experienced trustees
  • NGA Learning Link features an interactive and practical module on MAT governance to support trustees in understanding and applying effective practice
  • MAT case studies which enable MATs to share and self-evaluate their governance experiences and lessons learned providing other MATs with direction and insight
  • Bespoke guidance for MATs drawn from NGA’s own research, which provides rich knowledge and practical actions for trustees to use in their role

 

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