Non-executive director and Chair of the Audit and Risk Committee
Established by Royal Charter in 1926, the BBC is the world's largest public service broadcaster, providing services including 9 national TV channels, the online TV channel BBC Three, regional programming, 10 national radio stations, 40 local radio stations and an extensive website. Its mission is to enrich people's lives with programmes that inform, educate and entertain. The BBC is funded by both the licence fee and by commercial undertakings. In 2017/18 the BBC had a total income of £5bn, with £3.8bn of this coming from licence fee funding.
The current Royal Charter took effect in 2017. It transferred regulation of the BBC from the BBC Trust to an external body, Ofcom, and set out a clear framework for governing the organisation, including establishing a new unitary Board that sets strategy, runs operations and is responsible for the BBC’s output.
The successful candidate would sit as a non-executive on the BBC Board which, under the new Charter, came into effect in April 2017 and is chaired by Sir David Clementi. The Board consists of ten non-executive directors, including the Chairman, and four executive directors, including the Director-General and Editor-in-Chief, Tony Hall.
A number of committees have been established to support the work of the Board, including the Audit and Risk Committee, which fulfils a key role in the corporate governance of the BBC. The Chair of the Committee has a core role in holding the Executive of the BBC to account for the expenditure of the licence fee and the publication of accurate and thorough annual accounts. The Current Audit Committee Chair leaves the Board in July 2019.
Are you the right candidate?
The successful candidate will be a chartered accountant (or equivalent) and have recent experience as a chief financial officer of a large quoted company or equivalent organisation. They will also have board level experience in a complex organisation.
Candidates should be able to demonstrate an understanding of the public/private interface, show sound knowledge of UK corporate governance, and have enthusiasm and empathy for the public purposes of the BBC.
The role has an indicative commitment of 4 days per month and the salary will be £33k per annum. There is an additional fee of £5k per annum for Committee Chairs. The Board and Audit Committee generally meet in London, though may also meet at other locations around the country during the year.
Closing date for applications: 30 September 2018. It is anticipated that initial interviews will be held in the week commencing 5 November. The successful candidate would be appointed early in 2019 and would formally take up the post in July 2019.
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