Nicholas Bull FCA ^{1, 2}
Mr Bull is the Senior Independent Director of Coats Group plc. He is a trustee of the Design Museum, the Conran Foundation, the Camborne School of Mines Trust and the Creative Education Trust, a multi academy trust.

He was a Director, then Chairman, of hotels group De Vere from 2010 until the completion of its asset disposal programme in 2015. He was also Chairman of the Advisory Board of City stockbroker, Westhouse Securities and was a member of Council of the University of Exeter from 2009-2018.

Previously Mr Bull worked for 30 years as a corporate finance practitioner with Morgan Grenfell (subsequently Deutsche Bank), Société Générale and ABN AMRO in London, Sydney, Singapore and Hong Kong.

He is a qualified Chartered Accountant.

All the Directors are non-executive directors and all are independent.

¹ Member of the Nomination and Remuneration Committee
² Member of the Investment Committee

David Causer FCA ^{1, 2, 3} is a non-executive Director and Audit Committee Chairman of Schroder Income Growth Fund plc, an investment company listed on the London Stock Exchange. He is a qualified Chartered Accountant and a member of the Securities Institute.

Mr Causer has held a number of senior positions within financial services organisations, including as Finance Director of Mercury Asset Management Group plc and as a Managing Director of Merrill Lynch Investment Managers until 2001. He was Finance Director of The British Red Cross Society until December 2007. He is also a Trustee of a number of charities and a former public member of Network Rail.

Appointed as Chairman of the Audit Committee on 4 February 2010

All the Directors are non-executive directors and all are independent.

¹ Member of the Audit & Risk Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

The Hon. Peter Pleydell-Bouverie DL ^{1, 2, 3} is an investment professional with over 30 years of investment experience, particularly in the Far East and emerging markets. His current non-executive positions include acting as CIO and Trustee on investment committees for family and charitable trusts. He is also a Deputy Lieutenant of the County of Wiltshire. Previously, Mr Pleydell-Bouverie spent ten years with FIL where he was investment Director until 1996, managing Japanese-focused unit trusts, offshore funds, pension funds and the Fidelity Emerging Markets Fund.

Prior to this, he was an associate Director at Kleinwort Grieveson Investment Management and fund manager at Grieveson, Grant and Co, where he also managed Asia-focused investment funds.

Appointed as Chairman of the Investment Committee on 4 February 2010

All the Directors are non-executive directors and all are independent.

¹ Member of the Audit & Risk Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

Elisabeth Scott ^{1, 2, 3} is a non-executive Director of Pacific Horizon Investment Trust PLC, Dunedin Income Growth Investment Trust PLC and Allianz Technology Trust PLC. Ms Scott worked in the asset management industry in Hong Kong from 1992 to 2008, where she was Managing Director and country Head of Schroder Investment Management (Hong Kong) Limited and Chairman of the Hong Kong Investment Funds Association.

Appointed as Senior Independent Director on 22 July 2016 and Chair of the Nomination and Remuneration Committee
Appointed 1 November 2011

All the Directors are non-executive directors and all are independent.

¹ Member of the Audit & Risk Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

Mike Balfour ^{1, 2, 3} has over 30 years’ experience in financial services. He was chief executive of Thomas Miller Investment Ltd until 2016 and was previously chief executive at Glasgow Investment Managers and chief investment officer at Edinburgh Fund Managers Limited. Mike’s early investment management career was focused on the nascent equity markets of Asia. He is a non-executive director of Standard Life Investment Property Income Trust plc, Martin Currie Global Portfolio Trust plc and Perpetual Income and Growth Investment Trust plc. He also chairs the investment committee of TPT Retirement Solutions (previously The Pensions Trust). He is a member of the Institute of Chartered Accountants of Scotland.

Appointed on 1 October 2018

All the Directors are non-executive directors and all are independent.

¹ Member of the Audit & Risk Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

Dr Linda Yueh ^1,2 is a Fellow in Economics at St Edmund Hall, Oxford University and Adjunct Professor of Economics at London Business School. She is also Visiting Professor at LSE IDEAS, the International Affairs, Diplomacy & Strategy centre at the London School of Economics. She has written numerous books and served as editor for several series of books. She is a Non-Executive Director of Rentokil Initial plc and Chair of Baillie Gifford’s The Schiehallion Fund. She is a past Non-Executive Director of JPMorgan Asian Investment Trust plc and Baillie Gifford’s Scottish Mortgage Investment Trust plc.

Appointed on 1 June 2019

All the Directors are non-executive directors and all are independent.

¹ Member of the Audit & Risk Committee
² Member of the Nomination and Remuneration Committee