Board of directors

The Board consists of six Non-Executive Directors, all of whom are independent of the Company’s Investment Adviser. As the Company has no Executive Directors, the provision of the UK Corporate Governance Code relating to the combining of the roles of Chairman and Chief Executive Officer does not apply to the Company.

David MacLellan

Chairman

David MacLellan, a resident of the United Kingdom, is the founder and currently Chairman of RJD Partners, a midmarket private-equity business focused on the services and leisure sectors. Previously, Mr MacLellan was an executive director of Aberdeen Asset Managers plc following its acquisition in 2000 of Murray Johnstone where he was latterly Chief Executive having joined the company in 1984. Mr MacLellan has served on the boards of a number of companies and is currently chairman of Havelock Europa plc and a non-executive director of J&J Denholm Limited, a private company registered in England with its headquarters in Glasgow. He resigned as a non-executive director of Maven Income and Growth VCT 2 plc. with effect from 16 September 2015.

David MacLellan is a past council member of the British Venture Capital Association and a member of the Institute of Chartered Accountants of Scotland. He also serves as Chairman of the Nomination Committee of JLIF

David MacLellan

Chairman

Talmai Morgan

Director

Christopher Spencer

Director & Chairman of the Audit Committee

Guido van Berkel

Director

Helen Green

Director & Chairman of the Risk Committee

Theresa Grant

Director