Decision details

RESOLVED that:-

a)    Cabinet delegates authority to the ESG members from time to time to:

i)   agree that Tricuro is permitted to set the remuneration package for the Managing Director of Tricuro to a sum of up to £120,000 per annum;

ii)  determine and approve such further details of this remuneration package as may be required; and

iii)ratify the approval of interim remuneration arrangements.

Voting: Unanimous

Portfolio Holder: Adults

Reasons

The Board of Tricuro is progressing with the process of permanent recruitment of Managing Director for the company. Having obtained Human Resources advice and information on rates paid nationally for similar posts, the Board has requested that the remuneration package for the Managing Director role is raised to up to £120,000 per annum. The Executive Shareholder Group discussed this proposal at its meeting on 14th September 2020 and agreed with the Board’s proposal in principle. This recommendation is presented to Cabinet for consideration and approval. The Tricuro Board has also approved interim remuneration arrangements and Cabinet is requested to ratify this approval.