6.6. O MANAGEMENT ACCOUNTS – April 2017 Accounts noted. JC reported currently ahead of budget, anticipating current trend to continue, forecast for the full year currently £170K surplus, against a budget of £26K, largely driven by slower recruitment at beginning of the year, also considerable success in the commercial areas, increase in income and control of cost of sales. MSL sales to hit income of over £1m.Significant milestone for MSL Terrace Bar improved performance discussed, was this deflecting business from The Dirty Duck, it was noted that the Terrace Bar with its different offer attracted different clientele, The Dirty Duck holding its own, this outlet would be the next area of focus for SR and BBW for 2017-18. JF and EC joined the meeting part way through this agenda item. Matters for decision/discussion 6.7. O GENDER PAY GAP Paper noted. It was further noted that MSL figures not incorporated into the statistics, no legal requirement to publish gender pay gap figures given the size of the company. Remuneration Policy to be readdressed in light of the information that has come out of the Gender Pay Gap review. It was agreed that a narrative be incorporated into the publication of the information. To reference the binary nature of the legislation and the Union’s position on gender definitions. Agreed to remove the decimal points for ease of presentation. To incorporate Warwick SU’s use of a robust job evaluation scheme, and Warwick SU’s values, to incorporate adjectives where appropriate to bring the narrative to life. Resolved: Gender Pay Gap figures for 2017, noted. Recommendation to publish the figures after the Finance &HR Committee has seen and approved the finalised accompanying narrative statement approved, unanimously. 6.8. O GDPR SOFTWARE PURCHASE DDa in attendance for this agenda item. Papers noted. It was noted that the Audit & Risk Committee had discussed whether the University would be doing something similar and whether Warwick SU could collaborate in some form. Meeting taken place with the University IT Director, University staff had looked at the system who have confirmed it would automate
6.6. O MANAGEMENT ACCOUNTS – April 2017 Accounts noted. JC reported currently ahead of budget, anticipating current trend to continue, forecast for the full year currently £170K surplus, against a budget of £26K, largely driven by slower recruitment at beginning of the year, also considerable success in the commercial areas, increase in income and control of cost of sales. MSL sales to hit income of over £1m.Significant milestone for MSL Terrace Bar improved performance discussed, was this deflecting business from The Dirty Duck, it was noted that the Terrace Bar with its different offer attracted different clientele, The Dirty Duck holding its own, this outlet would be the next area of focus for SR and BBW for 2017-18. JF and EC joined the meeting part way through this agenda item. Matters for decision/discussion 6.7. O GENDER PAY GAP Paper noted. It was further noted that MSL figures not incorporated into the statistics, no legal requirement to publish gender pay gap figures given the size of the company. Remuneration Policy to be readdressed in light of the information that has come out of the Gender Pay Gap review. It was agreed that a narrative be incorporated into the publication of the information. To reference the binary nature of the legislation and the Union’s position on gender definitions. Agreed to remove the decimal points for ease of presentation. To incorporate Warwick SU’s use of a robust job evaluation scheme, and Warwick SU’s values, to incorporate adjectives where appropriate to bring the narrative to life. Resolved: Gender Pay Gap figures for 2017, noted. Recommendation to publish the figures after the Finance &HR Committee has seen and approved the finalised accompanying narrative statement approved, unanimously. 6.8. O GDPR SOFTWARE PURCHASE DDa in attendance for this agenda item. Papers noted. It was noted that the Audit & Risk Committee had discussed whether the University would be doing something similar and whether Warwick SU could collaborate in some form. Meeting taken place with the University IT Director, University staff had looked at the system who have confirmed it would automate
190717m.docx