Picton Property Income Limited Annual Report 2023

Composition, Succession and Evaluation

Board composition and diversity

These charts set out the Board’s composition, tenure and diversity characteristics.

Function

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 2023 the Board comprised 50% independent Non-Executive Directors. 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.

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

Tenure

0 to 3 years – 2 (33%) 3 to 6 years – 3 (50%) 6 to 9 years – 1 (17%)

Diversity

Sex/gender representation

Number of senior Board positions

Male – 4 (67%) Female – 2 (33%)

Percentage of executive management

Number in executive management

Percentage of the Board

Number of Board members

Men

4 2

67% 3 33% 1

3 0

100%

Women

0%

Age

Ethnic representation

Number of senior Board positions

50 to 54 years – 1 (17%) 55 to 59 years – 1 (17%) 60 to 64 years – 3 (50%) 65 to 69 years – 1 (16%)

Percentage of executive management

Number in executive management

Percentage of the Board

Number of Board members

White British

6 100% 4

3

100%

96

Picton Property Income Limited Annual Report 2023

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