<< There is evidence from Australia and from the UK, that the coronavirus pandemic has drawn attention to and exerted some mitigating effects on vice-chancellors remuneration in 2020, with some having taken remuneration cuts in the face of financial exigencies facing their universities (Ross, Citation2020a). /Rotate 0 Those highlighted affects year-to-year remuneration comparisons, assumption that the years highest remunerated officer was the VC. /Type /Page 15 0 obj These reforms have since deepened and accelerated, especially in England where deregulation and student fees have heralded significant competition and marketisation. endobj Vice-Chancellor agrees to unlock salary increases to ease COVID-19 financial impact on staff. Click here for the Complete List of Vice-Chancellor Pay & Salary Packages At Australian Universities. Full article: Paying the piper: the governance of vice-chancellors This shift chimed with the managerial, enterprise governance that has been in place in Australian universities since the 1990s (Marginson & Considine, Citation2000). NSW universities: op vice chancellors rake in million-dollar pay as endobj Million-dollar-plus salaries are a PR problem with the government and the general public. Another $100 million came from the sale of land to the NSW government, while philanthropists responded to the pandemic with open chequebooks. /Resources << This article critically considers the determination of vice-chancellors remuneration as a governance issue. And when salaries are not justifiable by performance, they can be said to constitute rent an economic concept that means extracting an unjustified level of resource from an organisation as a result of ownership or control. I know there are reasonable explanations for the size of some of these surpluses and people are saying it is a one-off and wont happen again. endobj 141 Through Freedom of Information Act requests, the UK University and College Union found that, in 2018, 95% of VCs were either members of the remuneration committee that set their own salary or were entitled to attend meetings (Weale, Citation2018). Government being a proactive principal worked before in Australia. The Australian asked whether it was reasonable that Vice Chancellors from top universities were earning salaries over $1 million, and the average salary across Australian Vice Chancellors was almost .

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