Seneca Growth Capital VCT Directorate Changes
18 Mayo 2023 - 7:38AM
UK Regulatory
TIDMHYG TIDMSVCT TIDMHYG
Directorate Changes
Seneca Growth Capital VCT Plc (the "Company")
18 May 2023
Appointment of Non-Executive Director and Appointment of Chair
of the Audit Committee
Non-Executive Director
The Board of Seneca Growth Capital VCT Plc is delighted to
announce that Mary Anne Cordeiro was today appointed to the Board
as non-executive Director of the Company. Mary Anne has also joined
the Company's Audit Committee.
Mary Anne brings to the Board extensive knowledge of both the
VCT and growth capital investment sectors, having been an advisor
to or executive of innovative companies in the healthcare and
technology sectors for over twenty years. Mary Anne has served as a
non-executive Director of Albion Technology & General VCT Plc
("AATG") from 2013 until 2023, following its merger with Albion
Income & Growth VCT Plc where she had served as a non-executive
Director from 2004. Having served nine years as non-executive
Director, more recently as Senior Independent Director and Chair of
the Remuneration Committee, Mary Anne is retiring from the AATG
Board today. Mary Anne is also the Founder and Managing Director of
Science to Business Limited which specialises in advising medical
technology businesses on fundraising and commercialisation
strategy. Prior to this Mary Anne had a fifteen-year career in
international corporate finance as a M&A Investment Banker at
Goldman Sachs International Limited, Vice President at Bankers
Trust Company and Managing Director of Paribas' Financial
Institutions Group. Mary Anne holds a MA (Hons) in Chemistry from
the University of Oxford and is a member of the University of
Oxford's Department of Chemistry Development Board.
Mary Anne will stand for election at the Annual General Meeting
of the Company to be held in 2024. There is no additional
information required to be disclosed pursuant to Listing Rule
9.6.13 in relation to the appointment of Mary Anne.
Chair of the Audit Committee
We are also pleased to announce that further to Richard Roth's
retirement from the Board , with effect from today's Annual General
Meeting, Alex Clarkson has been appointed as Chair of the Audit
Committee. Alex qualified as a Chartered Accountant with PwC in
1998 and has served as an independent non-executive Director of the
Company and been a member of the Audit Committee since 2019.
These appointments are in accordance with the Board's succession
plans as outlined in the Company's 2022 Annual Report, which was
published on 21 April 2023.
Board Composition
The Board maintains its composition of four non-executive
Directors, comprising three independent non-executive Directors and
one representative of the Company's Investment Manager, Seneca
Partners Limited.
The Company's Board is mindful of the new Listing Rule
requirements which came into force for accounting periods starting
after 1 April 2022 which require the Company to either comply with,
or explain its non-compliance with, new rules intended to improve
the diversity of publicly listed Boards.
The new rules seek to achieve 40% Board representation from
women, one senior board position to be held by a woman and one
Director to be from an ethnic minority background. Whilst the
Company does not yet fully comply with the requirements, the Board
will continue to work to improve the Board's composition, providing
suitable candidates possess the key skills and experience required
for the position. The Board will always appoint the best person for
the job. It will not discriminate on the grounds of gender, race,
ethnicity, religion, sexual orientation, age or physical ability.
The Board also fully supports the aims of the Hampton Alexander
Report, the Parker Review and the renewed focus and emphasis on
diversity in the AIC Code of Corporate Governance.
For further information, please contact:
John Hustler, Seneca Growth Capital VCT Plc at
john.hustler@btconnect.com
https://www.globenewswire.com/Tracker?data=90bSjO-B7H6MBbDjyxmPScP3yWhAliMkJKuZDJuMEsWJNTJpEBOX14ylg_NeeUvkjqVnXccbBzyZkef4vCZAeuo17o3LN0SUsRjtFGLeP8MFSQy-tbov6UE2VocO1RVpYU8AWN1jjbv_txHWQwWvuAMXhh77GtEwPYZpMsTTuU_wZi1beiu5YB_3nt0WCXoBTHy00APV05aucq6OFztAiz3WLYowbGaB1MHo5JIeW3JbuA8yQgqoRms6eeSfS3b6kKOc11A3BQpMCAtolv_URuNfv5B6_YgpN0a2ya4QueQ=
Richard Manley, Seneca Growth Capital VCT Plc at
Richard.Manley@senecapartners.co.uk
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(END) Dow Jones Newswires
May 18, 2023 08:38 ET (12:38 GMT)
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