Picton Property Income Limited Sustainability Report 2022
Governance
35
Introduction
Environmental Focus
Stakeholder Engagement
Appendix
Leadership
The Picton Board has responsibility for the long-term success of the business, providing leadership and direction with due regard and consideration to all of our stakeholders. The Board comprises the Chair, two Executive Directors and three independent Non-Executive Directors. They have a range of skills and experience that are complementary and relevant to the business. The charts below set out the Board’s composition, tenure and diversity characteristics.
Better Buildings Partnership The Better Buildings Partnership (BBP) is a collaboration of the UK’s leading commercial property owners. We joined the BBP in 2020 and, following the publication of our net zero carbon pathway, became a signatory to the BBP Climate Commitment. We have been active members since joining and have participated in working groups for the development of the Responsible Property Management Toolkit and also the ESG Training for Real Estate Professionals.
The Board has full responsibility for the direction and control of the business, and sets and implements strategy within a framework of internal controls and risk management. The Board has established four Committees, comprising entirely Non-Executive Directors, to carry out specific functions on its behalf. In addition there are three management committees with responsibility for certain operational matters, chaired by one of the Executive Directors and including other members of the Picton team. One of these management committees is the Responsibility Committee, which oversees all sustainability related matters. As a company listed on the London Stock Exchange we apply the principles of the UK Corporate Governance Code and report against the Code each year in our Annual Report. More detail on the role and activities of the Board, including their biographies, and its Committees is set out in the Governance section of the 2022 Annual Report.
Leadership team
Non-Executive Chair – 1 (17%) Executive Directors – 2 (33%) Independent Non-Executive Directors – 3 (50%) Function
Tenure
0 to 3 years – 2 (33%) 3 to 6 years – 3 (50%) 6 to 9 years – 1 (17%)
Diversity
Age
Male – 4 (67%) Female – 2 (33%)
45 to 50 years – 1 (17%) 55 to 60 years – 1 (17%) 60 to 65 years – 4 (66%)
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