The Edinburgh Investment Trust Plc Annual Financial Report 2022 - Flipbook - Page 32
30 / GOVERNANCE / THE EDINBURGH INVESTMENT TRUST PLC
The Company’s Corporate Governance Framework
THE BOARD AND COMMITTEES
Responsibility for good governance lies with the Board. The governance framework of the Company reflects the fact that it is an
Investment Company with no employees and outsources investment management to the Manager and administration to the Manager
and other external service providers.
The Board
Chairman Glen Suarez
Senior Independent Director Vicky Hastings
Three additional non-executive directors (NEDs)
Chairman
Key responsibilities:
– to set strategy, values and standards;
– to provide leadership within a framework of prudent effective controls which enable risk to be assessed and managed;
– to appoint the Manager and other external service providers; and
– to challenge constructively and scrutinise performance of all outsourced activities.
Audit Committee
Management Engagement
Committee
Nomination Committee
All NEDs
All NEDs
All NEDs
Chairman
Steve Baldwin
Chairman
Glen Suarez
Chairman
Glen Suarez
Key responsibilities:
–
to oversee the control
environment and financial
reporting;
Key responsibilities:
–
to review regularly the
management contract and
the performance of the
Manager.
Key responsibilities:
– to review regularly
the Board’s structure,
composition and
performance; and
–
to make recommendation
for the appointment of the
auditor; and
–
to review the performance
of other service providers,
including the auditor.
– t o make recommendations
for any changes or new
appointments.
Remuneration Committee
Function
The Board as a whole performs
this function
Key responsibilities:
–
to set the remuneration
policy of the Company.