The Board of Directors is responsible for corporate governance. The Board of Directors consists of one executive and two non-executive directors. The non-executive directors’ role is to bring independent judgement to board discussions and decisions. The Board of Directors is composed as follows:

Peter Shea - Chairman & Chief Executive Officer
Stuart Lucas - Non Executive Director
Peter Dicks - Senior Independent Director

The Board meets regularly throughout the year. The Board reviews financial performance, regulatory compliance and will consider any matters of significance to the group including corporate activity.

Remuneration Committee
The Remuneration Committee comprises the non-executive directors. The committee provides independent review of the executive directors’ remuneration and the group remuneration policy. It makes its decisions in consultation with the Chief Executive Officer. No director plays a part in any decision about their own remuneration. This committee also reviews bonus and equity arrangements for the Group’s other senior employees.

Audit Committee
The Audit Committee, which comprises the non-executive directors, has the following responsibilities monitoring of the Group internal control environment; assessment of the Group financial risks; review of the Group financial statements, reports and announcements and the accounting policies that underlie them; recommendation to the Board on the appointment and remuneration of the external auditors; monitoring of the independence of the external auditors and the establishment of a policy for the use of the auditors for non audit work. Other directors, members of staff and the external auditors are invited to attend these meetings, as appropriate. The Committee reviews the scope and results of the external audit, its cost effectiveness and the independence and objectivity of the external auditors.

Peter Shea - Chairman & Chief Executive Officer
Peter is Chief Executive and one of the founding members of Daniel Stewart, which he set up in 1989. Previously Peter was a Director at Bear Stearns International from 1986 to 1989, where he was responsible for establishing Bear Stearns’ London Corporate Finance and Capital Markets divisions. Prior to Bear Stearns, Peter was a Vice President at Midland Bank, where his primary responsibilities were co-ordinating the corporate and merchant banking services to US corporations in Europe. Peter also spent 10 years at Chase Manhattan Bank where he was responsible for developing country loans and both the chemical and aerospace sectors at various times.

 

Until recently Stuart was a Managing Director with Nomura International plc, London. Within its Global Markets division he was responsible for Cross Border Asset Trading within Fixed Income. This group aligns the trading teams and risk exposures of fixed income Credit related products across three centres; London, Tokyo & Hong Kong, with particular emphasis on the FIG (Banks & Financial) sector, plus asset backed securities involving securitisable cash flows, and infrastructure products. His past career experiences include; Senior Managing Director and Head of International Fixed Income at Bear Stearns, London; Head of Debt Capital Markets at Industrial Bank of Japan (now Mizuho) involving 90 staff across 5 centres. Prior to joining Nomura in 2005 Stuart was founding partner of Bracken Partners, an investment banking boutique and successful fund management company. He has been a director and chairman of listed and unlisted companies.

Peter Dicks - Non Executive Director

Peter Dicks was a founder and director of Abingworth plc which between 1973 and 1992 specialised in making venture capital investments in the USA and the UK. He is currently a director of a number of quoted investment trusts including Standard MicroSystems Inc., Graphite Enterprise Trust plc, Polar Capital Technology Trust plc and a number of other companies.