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 2021 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 2021.


  • Annual Report and Accounts 2021 pdf Download
  • Terms of Reference - Audit Committee pdf Download
  • Terms of Reference - Nomination Committee pdf Download
  • Terms of Reference - Management Engagement Committee pdf Download
  • AIFMD Disclosure pdf Download

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