The Director presented a confidential report making proposals in relation to senior management renumeration following consultation on the Pay and Benefits review and in relation to specific issues concerned with two senior management roles.

RESOLVED: Members

a)    Approve the changes proposed to Grades L and M within the Authority pay and grading structure set out in para 5.4 with effect from 1^st April 2023.

b)    Approve the payment of a non-consolidated additional responsibility allowance to the Assistant Director – Resources backdated to 1^st April 2023 as set out in para 5.4.

c)    Approve the arrangements set out in the body of this report for the process to appoint a successor to the current Assistant Director – Investment Strategy.

d)    Approve the advertising of the role at a salary of between £106,136 and £116,693 reflecting a market supplement of 20% on the substantive grade for the role.

e)    Authorise the Director to update the 2024/25 Pay Policy Statement to reflect these changes.