Investors

Board committees

The Board is assisted in its activities by a number of standing committees of the Board and, in undertaking its duties, it delegates certain authorities and decisions to these Committees.

The Board reviews the membership of these Committees on a regular basis. The Board committee structure, together with a summary of the roles and composition of the Committees, is outlined in the table below.

The Chairman is responsible for the leadership of the Board and ensuring its effectiveness. He is also responsible for organising the business of the Board and setting its agenda. In addition to the Chairman, there are currently four independent, non-executive Directors and one 3i Group plc nominee, who is not considered to be independent

Audit and Risk Committee

Financial reporting, risk and internal controls

Members
Wendy Dorman (Chair)
Doug Bannister
Robert Jennings
Paul Masterton

Management Engagement Committee

Monitoring of the performance of the Investment Adviser

Members
Richard Laing (Chair)
Doug Bannister
Wendy Dorman
Robert Jennings
Paul Masterton

Investment Committee

Acquisition, monitoring and disposal of investments

Members
All Directors

Remuneration Committee

Director remuneration

Members
Paul Masterton (Chair)
Doug Bannister

Wendy Dorman
Robert Jennings
Richard Laing

Nomination Committee

Board appointments and size, balance and composition of the Board

Members
Richard Laing (Chair)
Wendy Dorman
Paul Masterton

Disclosure Committee

Timely and accurate disclosure of all information

Members
Richard Laing
Doug Bannister
Wendy Dorman
Robert Jennings
Paul Masterton

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