The Company is committed to maintaining high standards of corporate governance and the Directors are accountable to shareholders for the governance of the Company’s affairs.

The Board has considered the principles and recommendations of the Association of Investment Companies’ Code of Corporate Governance (“AIC Code”) published in February 2019. The AIC Code, which sets out principles and provisions regarding matters including stakeholder engagement and the culture of the Company, complements the Financial Reporting Council 2018 UK Corporate Governance Code (“UK Code”) and provides a framework of best practice for investment trusts.

The Board considers that reporting against the principles and recommendations of the AIC Code, and by reference to the AIC Guide (which incorporates the UK Code), will provide better information to shareholders.

A copy of the AIC Code can be obtained via the AIC website, A copy of the UK Code can be obtained at

The Company’s Annual Report for the year ended 31 May 2023 contains information on PIP’s compliance with the recommendations of the AIC Code and the relevant provisions of the UK Code, to the extent that they are relevant to the Company’s business.

Full details and information regarding the Company’s commitment to best practice Corporate Governance and associated regulations can be found in the Company’s Annual Report for the year ended 31 May 2023.

In 2015, the UK Government introduced the Modern Slavery Act (“the Act”). As an Investment Trust, the Company does not provide goods or services in the normal course of business, and does not have employees, customers or turnover. Pantheon’s ESG policy is already aligned with a zero tolerance approach to modern slavery and trafficking and the PIP Board has adopted Pantheon’s Modern Slavery Statement which can be obtained via the Pantheon website: Modern Slavery Statement (


  • PIP Annual Report 2023 pdf Download
  • Terms of Reference - Audit Committee pdf Download
  • Terms of Reference - Nomination Committee pdf Download
  • Terms of Reference - Management Engagement Committee pdf Download
  • PIP Article 23 Disclosure pdf Download

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Meet the team

Board of Directors

PIP is overseen by an independent Board comprising experienced professionals from a wide range of backgrounds.

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A thoughtful approach to investing responsibly

Adherence to ESG principles has been incorporated into PIP's investment process.

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