As part of the requirements of the Corporate Governance Code, the Company’s Compliance Statement can be found here.
DIRECTORS
Details of Directors’ appointments and resignation dates are set out in the Directors’ Report. All Directors are subject to annual re-election by shareholders. Directors are expected to dedicate sufficient time to discharge their duties effectively, including preparation for and attendance at the Company’s scheduled quarterly Board meetings and any additional meetings required during the year. All Directors have access to the advice and services of the Company Secretary and may obtain independent professional advice at the Company’s expense where necessary in the performance of their duties. The Board recognises the importance of Directors maintaining up-to-date knowledge and skills relevant to their roles. Directors keep their expertise current through a combination of their continuing professional development obligations under their respective professional body memberships, ongoing engagement with the specialist financial services and Lloyd’s insurance markets, and through their active involvement in the governance and strategic affairs of the Group and its portfolio companies. The Company Secretary supports this process by ensuring the Board receives timely updates on relevant legal, regulatory and governance developments affecting the Group. Newly appointed Directors receive a tailored induction to the Group’s business, portfolio and governance framework.
BOARD MEETINGS
The Board meets formally at least quarterly and at such other times as required. The Board retains responsibility for all significant decisions affecting the Group.
COMMITTEES OF THE BOARD
The Board has established seven standing committees, the Audit Committee, the Remuneration Committee, the Investment Committee, the Valuation Committee, the Nominations Committee, the Disclosure Committee and the ESG Committee.
BOARD EVALUATION
The Board undertakes an annual evaluation of its effectiveness, including that of its Committees and individual Directors. The process involves structured interviews and questionnaires completed by Executive and Non-Executive Directors, covering areas such as Board composition, governance, strategic oversight, Committee performance and succession planning. The results are reviewed by the Company Secretarial Department and presented to the Board with recommendations where appropriate. The Board believes the process supports continuous improvement and helps maintain an appropriate balance of skills, experience and leadership capability as the Group develops. Having considered external facilitation, the Board believes an internal process remains proportionate given the size and nature of the Company.
