Picton Property Income Limited Annual Report 2024

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Composition, Succession and Evaluation

Board composition and diversity

These charts set out the Board’s composition, tenure and diversity characteristics as at 31 March 2024. The Board currently comprises the Chair, two Executive Directors and three independent Non-Executive Directors. The Non-Executive Directors bring a variety of skills and business experience to the Board. Their role is to bring independent judgement and scrutiny to the recommendations of the Executive Directors. Each of the Non-Executive Directors is considered to be independent in character and judgement. As at 31 March 2024 the Board comprised 50% independent Non-Executive Directors, excluding the Chair. The biographies of the Directors can be found on pages 82 and 83, which set out their skills and experience, and their membership of each of the Committees.

Function

Diversity

Non-Executive Chair – 1 (17%) Executive Directors – 2 (33%) Independent Non-Executive Directors – 3 (50%)

Male – 4 (67%) Female – 2 (33%)

Age

Tenure

50 to 54 years – 1 (17%) 60 to 64 years – 4 (66%) 65 to 69 years – 1 (16%)

3 to 6 years – 4 (67%) 6 to 9 years – 2 (33%)

Ethnic representation

Number of senior Board positions

Number in executive management

Percentage of executive management

Number of Board members

Percentage of the Board

White British

6

100%

4

3

100%

Sex/gender representation

Number of senior Board positions

Number in executive management

Percentage of executive management

FCA Listing Rule Requirements Following Saira Johnston’s appointment to the Board with effect from 1 April 2024, the Company will meet the FCA Listing rule requirements regarding Gender and Ethnicity.

Number of Board members

Percentage of the Board

Men

4 2

67% 33%

3 1

3 0

100%

Women

0%

Picton Property Income Limited / Annual Report 2024 96

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