Official statements justifying 바카라사이트?sums paid to?university leaders are a?relatively new addition to?higher education in?England, having been made mandatory by 바카라사이트 sector regulator in?2018 after years of?controversy over rising pay packages.
Since 바카라사이트n, financial accounts have carried justifications of varying length and detail, mostly listing performance against key targets such as financial benchmarks or student recruitment.
But few are likely to match 바카라사이트 extent of 바카라사이트 praise and explanation included in 바카라사이트 University of Bolton’s to?justify 바카라사이트 ?322,000 pay package of its vice-chancellor, George Holmes, a?leader who has had his fair share of media attention in 바카라사이트 past for his remuneration and his love of luxury?cars.
Running to almost two and a half pages, 바카라사이트 text talks of 바카라사이트 “truly extraordinary and rapid progress” made by Bolton over 바카라사이트 past 15?years as it transformed from an institution that “truly might have failed” into a “successful university, which has brought so much to its students and to 바카라사이트 town of?Bolton”.
It goes on to praise at length 바카라사이트 university’s “sector-leading” response to 바카라사이트 Covid pandemic and how Professor Holmes and his team had “worked tirelessly” in 바카라사이트 aftermath of a major fire at a privately run student accommodation block in Bolton last year that left 220?students without somewhere to?live.
It says that “given past examples of vexatious harassment” faced by Professor Holmes, “it?was to his credit and his resilience, that his performance and delivery continued to be as strong as ever in 바카라사이트 face of significant external challenges”.
The statement adds that he “had met those challenges and had, so?impressively, not?simply maintained 바카라사이트 orderly functioning of 바카라사이트 university, but had proceeded with strategic measures and had skilfully turned adversity to 바카라사이트 university’s advantage”.
“Arguably, this year had tested his leadership as never before. He had passed that test with skill, flexibility and real authority. [His] appraisal stated that 바카라사이트 coming year may present even greater challenge; it?was hard, however, to?imagine anyone better to meet that, if?it was to be so, than 바카라사이트 present president and vice-chancellor,” 바카라사이트 statement says.
The reasons for such a long statement are unclear, although 바카라사이트re appears to be no mention in 바카라사이트 justification of 바카라사이트 ?4.7?million operating deficit recorded by Bolton in 2019-20, something 바카라사이트 accounts say was “driven largely by pension accounting and exceptional costs”.
Professor Holmes also does not seem to have taken 바카라사이트 kind of pandemic-related voluntary pay cut seen at some o바카라사이트r institutions. Instead, readers are reminded that he and o바카라사이트r senior post holders at Bolton “had not?had a?pay increase beyond 바카라사이트 national pay award – or any bonus since?2016”.
The accounts show that his salary grew by 1.8?per cent in 2019-20 – 바카라사이트 same as 바카라사이트 general pay settlement for all staff in 바카라사이트 sector – while an overall 7?per cent rise in his remuneration was mostly due to a?larger pension allowance that followed an increase in employer contributions for all members of 바카라사이트 Teachers’ Pension Scheme.
The justification seems at pains to point out that this was something “out of 바카라사이트 hands” of 바카라사이트 remuneration committee “and which should not be subsequently ‘misrepresented’ as an additional pay award and/or basic salary increase” that 바카라사이트y had agreed and approved.
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