“Does your Chairman’s Letter of Appointment specify a time commitment (for example, a number of days per week or month) and if so, what is the time commitment specified?”
Attached is the extract we use on the time commitment question. Hope this is helpful.
1 Time Commitment 1.1 It is anticipated that you will be required to devote a minimum 15-20 days per annum to your role. This will include attendance at Board meetings, Annual General Meetings, and any other requirements and consideration of all papers prior to such meetings. By accepting the Appointment you confirm that you are able to commit sufficient time to the role to meet the Company
FTSE SMALL CAPsaid
We currently have an executive Chiarman who’s service agreement states. ‘to work such hours as shall be necessary for the proper performance of his duties’ How do the previous respondents monitor or measure the time commitment and what is meant by ‘time commitment.’ Do they clock- in?
FTSE 100said
Yes,it is expected that the time requirement will be two days per week, on average. In the event of an extended period of time being required for a specific matter, the Chairman will be expected to commit to such time.
FTSE 100said
Yes – “3 days per week averaged over a working year”.
FTSE 250said
Yes, 20 days per annum plus such additional time as is required.
FTSE 250said
Yes, but only in relation to the number of board and Nomination committee meetings to be held each year, and therefore attended. In reading the responses to your question, I think this might be something we review when his Letter of Appointment is renewed later in the year.
AIMsaid
Yes. up to 3.5 days pcm.
FTSE 250said
Our Chairman has a time commitment of up to 85 days per year included in his letter of appointment and confirmation in the agreement that he will be able to commit sufficient time to the role
FTSE 250said
Our appointment letter specifies a committment of at leat 4 days per month plus appropriate preparation time ahead of metings.
FTSE 250said
Our Chairman is an executive director so can’t comment specificcaly on the Chairman’s letter of appointment. However, all non-executive letters state a time commitment of 2 to 3 days per month but that additional time may be required at certain times of the year.
FTSE SMALL CAPsaid
Yes. The letter specifies that the minimum time commitment is 50 days per year.
FTSE 100said
Yes. The letter specifies that the minimum time commitment is 50 days per year but also states the expected commitment will be higher.
FTSE 100said
Yes – we note that on average the duties will take the equivalent of two days per week – recognising that particular events may require more time.
Attached is the extract we use on the time commitment question. Hope this is helpful.
1 Time Commitment
1.1 It is anticipated that you will be required to devote a minimum 15-20 days per annum to your role. This will include attendance at Board meetings, Annual General Meetings, and any other requirements and consideration of all papers prior to such meetings. By accepting the Appointment you confirm that you are able to commit sufficient time to the role to meet the Company
We currently have an executive Chiarman who’s service agreement states. ‘to work such hours as shall be necessary for the proper performance of his duties’
How do the previous respondents monitor or measure the time commitment and what is meant by ‘time commitment.’ Do they clock- in?
Yes,it is expected that the time requirement will be two days per week, on average. In the event of an extended period of time being required for a specific matter, the Chairman will be expected to commit to such time.
Yes – “3 days per week averaged over a working year”.
Yes, 20 days per annum plus such additional time as is required.
Yes, but only in relation to the number of board and Nomination committee meetings to be held each year, and therefore attended. In reading the responses to your question, I think this might be something we review when his Letter of Appointment is renewed later in the year.
Yes. up to 3.5 days pcm.
Our Chairman has a time commitment of up to 85 days per year included in his letter of appointment and confirmation in the agreement that he will be able to commit sufficient time to the role
Our appointment letter specifies a committment of at leat 4 days per month plus appropriate preparation time ahead of metings.
Our Chairman is an executive director so can’t comment specificcaly on the Chairman’s letter of appointment. However, all non-executive letters state a time commitment of 2 to 3 days per month but that additional time may be required at certain times of the year.
Yes. The letter specifies that the minimum time commitment is 50 days per year.
Yes. The letter specifies that the minimum time commitment is 50 days per year but also states the expected commitment will be higher.
Yes – we note that on average the duties will take the equivalent of two days per week – recognising that particular events may require more time.