Effective stewardship of the Company’s affairs
Regular Board meetings are held to consider, as appropriate, such matters as overall strategy, investment performance, gearing, share price performance, share price discount, the shareholder profile of the Company and communication with shareholders. The Chairman is responsible for setting the Board’s agenda and ensuring that adequate time is available for discussion on all agenda items, in particular strategic issues.
Further information on the governance of Electra Private Equity PLC can be found in the Company’s latest Annual Report.
Alternative Investment Fund Manager (AIFM)
Electra has appointed G10 Capital Limited ("G10") as its alternative investment fund manager or “AIFM". G10 is a private limited company incorporated in England (company number 09224491), whose registered office is at 136 Buckingham Palace Road, London SW1W 9SA. G10 is authorised and regulated by the FCA with firm reference number 648953. G10 is part of the SGG Group.
Terms of reference
The Board is assisted by a number of Committees:
The Valuations Committee adds a further level of oversight to the valuation process carried out by G10 Capital Limited under its contractual arrangements with the Company. The members of the Committee are Paul Goodson (Chair), David Lis, Roger Perkin and Linda Wilding.
The Committee meets twice to review the valuation of investments as at 31st March and 30th September.
The Board is supported by the Audit and Risk Committee. The members of the Committee are Roger Perkin (Chair), Paul Goodson and Linda Wilding.
The Committee meets several times in the year under review and a report of its activities is contained in the latest Annual Report.
The Remuneration Committee members are David Lis, Paul Goodson and Linda Wilding. Roger Perkin, as Chairman of the Audit and Risk Committee, attends once a year to discuss the possible clawback of bonuses.
The Committee’s duties include determining and agreeing with the Board the policy for remuneration of the Directors. Where appropriate, the Committee will consider both the need to judge the position of the Company relative to other companies regarding the remuneration of Directors and the need to appoint external remuneration consultants.
The Committee meets several times in the year and a report of its activities is contained in the latest Annual Report.
The Committee members are Neil Johnson (Chair), David Lis, and Roger Perkin.
The Committee’s duties include identifying and nominating, for the approval of the Board, candidates to fill Board vacancies based on merit and against objective criteria and with due regard for the benefits of diversity on the Board including gender.
The Committee meets several times in the year. It considered the changes to the Committee appointments of the Directors as referred to above.
Electra has adopted the UK Stewardship Code and has made disclosures regarding its policies on stewardship which can be found on the following link:
Modern Slavery Statement
Electra is committed in the prevention of slavery and human trafficking. Electra has taken appropriate steps in ensuring that neither slavery or human trafficking occurs in its own, its portfolio or its supply chain's businesses: