Governance

Governance

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”) issued in July 2016, by reference to the AIC Corporate Governance Guide for Investment Companies (“AIC Guide”). The AIC Code, as explained by the AIC Guide, addresses all the principles set out in the UK Corporate Governance Code published in April 2016 (“UK Code”), as well as setting out additional principles and recommendations on issues that are of specific relevance to 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 and the AIC Guide can be obtained via the AIC website, www.theaic.co.uk. A copy of the UK Code can be obtained at www.frc.org.uk.

The Company has complied 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, throughout the year ended 31 May 2019.

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 2019.

Downloads

  • Annual Report & Accounts 2019 pdf (4.84 MB) Download
  • Terms of Reference - Audit Committee pdf (103.65 KB) Download
  • Terms of reference – Nomination Committee pdf (123.50 KB) Download
  • Terms of reference – Management Engagement Committee pdf (23.23 KB) Download
  • AIFMD disclosure pdf (161.69 KB) Download

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