# The School Companies Regulations 2002, Regulation 8: Directors of School Companies and their remuneration


(1) The constitution of a school company must provide that at least 40% of the directors of the company at any one time shall be non-executive directors.
(2) The constitution of a school company must provide that:–
(a) there shall be a remuneration committee;
(b) the members of the remuneration committee shall all be non-executive directors;
(c) the remuneration committee shall recommend to the directors of the company the terms of service and remuneration of the executive directors; and
(d) the terms of service and remuneration of the executive directors shall be determined either by the directors as a whole on the recommendation of the remuneration committee, or by the remuneration committee alone.

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Source: https://www.legislation.gov.uk/uksi/2002/2978/regulation/8 (the official version)
Page: https://openlegislation.uk/school-companies-regulations-2002/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.