Governance

Board of Directors

The Directors are responsible for the determination of the Company’s investment policy and strategy and have overall responsibility for the Company’s activities including the review of investment activity and performance and review of the Investment Manager’s performance. All of the Directors are non-executive and are independent of the Investment Manager.

Robert Sharpe

Independent Non-Executive Chairman

Currently non-executive director of Aldermore Group plc, Bank of Ireland (UK) plc, and Chairman of UK Sharia-compliant bank Al Rayan Bank plc, with over 35 years’ experience in retail banking. Previously Chief Executive Officer at West Bromwich Building Society, a role he took to chart and implement its rescue plan. Also previously Chief Executive Officer at Portman Building Society.

James Coyle

Independent Non-Executive Director

Currently non-executive director and member of the audit and risk committees at HSBC Bank plc and non-executive director of the Scottish Building Society. Previously Group Financial Controller at Lloyds Banking Group and Group Chief Accountant for the Bank of Scotland. Fellow of the Chartered Institute of Bankers in Scotland, on the Council of the Institute of Chartered Accountants of Scotland, and a member of the Financial Reporting Council’s Financial Reporting Review Panel.

Ravi Takhar

Independent Non-Executive Director

Over 20 years’ experience in the financial services sector as a lawyer, investment banker and entrepreneur. Currently CEO of London listed Orchard Funding Group, which specialises in insurance premium finance and the professional fee funding market, a business he founded in 2002. Previously Head of Financial Services Investment at Nikko, Chairman of Mortgages PLC and Head of Mortgage Principal Finance at Investec Bank.