The Board

The Board is responsible for the determination of the Company's investment policy and strategy and have overall responsibility for the Company's activities including the review of investment activity and performance and the control and supervision of the Investment Manager. All of the Directors are non-executive and are independent of the Investment Manager and the other service providers.

The Board is also responsible for the control and supervision of the Investment Manager and compliance with the principles and recommendations of the AIC Code. The Board ensures the maintenance of a sound system of internal controls and risk management (including financial, operational and compliance controls) and reviews the overall effectiveness of systems in place. They are responsible for approval of any changes to the capital, corporate and/or management structure of the Group.

The Board’s main focus is the sustainable long-term success of the Group to deliver value for shareholders. The Board does not routinely involve itself in day-to-day business decisions but there is a formal schedule of matters that requires the Board’s specific approval, as well as those which can be delegated to the Board committees or the Investment Manager. The Board retains responsibility for all such delegated matters.

Dr. John Roberts CBE

Chairman

Dr. John Roberts has significant experience in the energy and utilities sectors with a 40-year executive career including senior roles at Manweb plc, Hyder plc and culminating with his role as Chief Executive of United Utilities plc (a long term constituent of the FTSE 100) from which he retired in 2006. Since then, John has held various senior non-executive positions across a range of energy focussed operating companies and funds including BlackRock New Energy Investment Trust plc, Halite Energy Group and First Utility plc. He is currently Chairman of Electricity North West Limited. John is a keen advocate for the environment and, amongst other roles, was a member of the Royal Commission on Environmental Pollution, Ofgem's Environmental Advisory Panel and the Renewables Advisory Board, he was also previously Chairman of the North West Energy Council. A qualified engineer and Chartered Certified Accountant, John was made a Doctor of Engineering by the University of Liverpool and an Honorary Fellow of Liverpool John Moores University. He was awarded a CBE in 2004 for his services to the utilities industry.

Rosemary Boot

Non-Executive Senior Independent Director

Rosemary Boot has an investment banking background with 16 years at UBS Warburg, following which she was appointed Group Finance Director of The Carbon Trust, a position she held for over 10 years. Rosemary then held senior executive positions at Circle Housing and, finally, was appointed Chief Financial Officer of Future Cities Catapult, stepping down in 2016. She joined the Board of Southern Water Services Limited in March 2015 and is a member of the Audit and Risk Review Committee in July 2017, having previously served as Chair. Rosemary is also currently a non-executive director of Impact Healthcare REIT plc, where her roles include Senior Independent Director and Chair of the Remuneration Committee, and Urban & Civic plc. Rosemary’s knowledge of the wider low carbon technology sector has been built up over 20 years with other roles including trustee of the Green Alliance Trust, director and steering group member of Chapter Zero Limited and non-executive director of Partnerships for Renewables Limited.

Dr. Anthony White MBE

Non-Executive Director

Dr Anthony White has over 35 years’ experience in international power markets and the low carbon economy from capital markets, analytical and industry strategy roles. His key executive responsibilities included being lead analyst for the top ranked energy team at investment bank James Capel and Head of Citigroup's pan-European power team. He also was National Grid’s Group Head of Strategy in the 1990's. More recently, Anthony was a founder of Climate Change Capital, a specialist low carbon advisory and asset management business, and still consults on developments in the low carbon economy through his company, BW Energy Limited. He is currently a non-executive director of Green Energy Options with previous non-executive director appointments including the National Renewable Energy Centre and the Green Deal Financing Company. Anthony has participated in numerous government advisory bodies on UK energy and power market policy including the Energy Advisory Panel, Commission on Environmental Markets and Economic Reform, Energy Networks Strategy Group and the House of Commons Select Committee on Energy & Climate Change. Anthony was appointed a MBE in 2004 for services to UK energy policy.

Sonia McCorquodale

Non-Executive Director

Sonia McCorquodale has a background in the energy sector with an executive career with a range of companies spanning start up, operational, PFI managed and an A-rated utility group. Her most recent executive role was Managing Director for the Commercial division of Welsh Water Infrastructure Limited and prior to that she was Head of Commercial Projects for AIM listed renewable energy company, Good Energy Limited. Over the past 20 years, Sonia has sat on numerous steering committees and trade bodies including, more recently, the CBI Energy & Climate Change Board, the CBI Heat Policy Group and Entrepreneurial Women in Renewable Energy (EWIRE).

Board Committees

The Board has established a management engagement committee, an audit committee and a nomination committee. Given that the Company has no executive Directors or other employees; the Board does not consider it necessary to establish a separate remuneration committee.

The functions of each of the committees are described in their respective Terms of Reference:

Terms of Reference for the Nomination Committee

Terms of Reference for the Management Engagement Committee

Terms of Reference for the Audit Committee

 

Key Information

The Company is an 'alternative investment fund' ("AIF") for the purposes of the EU Alternative Investment Fund Managers Directive. 

Epic Code TEEC
Sector Energy
Launch Date 2020
Financial Year End 31 March
Dividend Frequency Semi-annually 
SEDOL BMCBZL0
ISIN GB00BMCBZL07