Shape the Future of London’s Urban Transport
Mayoral Appointments to Board Member Positions
As a TfL Board Member you join one of the most complex and largest transport networks in the world. You will drive and shape crucial investment in and extensions to the network so enabling the future growth of London. You will share the vision and commitment of TfL to be one of the safest, most innovative, reliable, affordable and world leading transport systems.
London’s Mayor is looking to appoint up to two new Members to the high performing and well regarded Board of TfL. As a Board Member you will have a proven understanding of the successes and challenges facing TfL, combined with a genuine interest and passion for London’s transport system and London’s future needs. We are seeking candidates with an understanding of governance and oversight of large organisations with specific expertise in safety and security and/or in audit and risk and assurance. In addition, expertise in colleague engagement and reward including experience of remuneration committees would also be welcome, along with other desirable skills listed under the Candidate Requirements section.
As an experienced executive or non-executive your career in the private, public or voluntary sectors will support TfL in delivering a safe, reliable, cost effective and world leading transport system for Londoners, visitors and all users in the years to come.
Remuneration
Members are not required to devote the whole of their time to TfL’s affairs and could spend approximately six/eight days per month on these roles. Remuneration for each Board Member is based on a formula that directly relates to, in addition to Board activities, the number of Committees and Panels on which each Member serves, with an enhanced rate for Members who serve as a Chair of a Committee and Panes, up to a capped maximum.
Remuneration levels are set for each Mayoral term but are reviewed periodically in line with comparable markets to reflect the responsibilities and accountabilities of the role.
The basic fee for Board members is currently £16,000 per annum. Board Members who act as Chair, or as a member of a Committee or Panel, receive additional fees of £2,000 per annum (as a Chair) and £1,000 per annum (as a Member) for each appointment.
The maximum payment in aggregate is £20,000 per annum, except for the position of Deputy Chair. The Deputy Chair is currently the Deputy Mayor for Transport, so the TfL role is not remunerated.
No allowances are paid to Members, although reasonable expenses may be claimed for Members living outside of London. All Board Members are entitled to receive a free travel pass valid on TfL transport.