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The Directors are responsible for the determination of the Company's investment policy and strategy and have overall responsibility for the Company's activities including the review of investment activity and performance. All of the Directors are non-executive and, save for Kimberly Tara and Liane Luke, are independent of the Investment Manager.
Keith Oates was Executive Deputy Chairman of Marks & Spencer plc from 1994-1999, having joined as FinanceDirector in 1984 and having been appointed Joint Managing Director in 1991. He was the founder and then chairman of Marks & Spencer Financial Services for 15 years. In addition to Marks & Spencer, he has held executive positions with the Reed Paper group, IBM, Black and Decker and Thyssen-Bornemizsa Group. A Governor of the BBC from 1988 to 1993, he has also been a non-executive director of B.T. plc, Microwave Communications, Inc., the Financial Services Authority, the Great Britain and English Sports Councils, John Laing plc and chairman of Quest. He was a non-executive director and chairman of the Audit Committee of Diageo plc, whose brands include Smirnoff, Johnny Walker, Guinness, Gordons, Captain Morgan and Baileys for nearly 10 years until 2004. He was also a special adviser to Coutts Bank in Monaco from 2002-2005. He has been a Member of Council (Governor) of Wycombe Abbey Schoolsince 1995. He was appointed a non-executive director of the English National Committee of the Forestry Commission in 2007. Keith graduated with a B.Sc (Econ) from the London School of Economics, a business diploma at Umist and a M.Sc from Bristol University. In 1998, he was awarded an honorary Doctorate of Science (D.Sc.) from Umist and an honorary Doctorate of Laws (LLD) from Bristol.
Sarah Evans is a qualified Chartered Accountant and a member of the Institute of Directors. She is a director of HSBC Infrastructure Company Limited, Japan Leisure Hotels Limited and Crystal Amber Fund Limited. She is also a director of two funds of hedge funds: Celadon PCC Limited and FAP Hedge Fund Opportunities Fund Limited. Previously, Sarah spent over six years with the Barclays Bank PLC group from 1994 to 2001, including roles as a Treasury Director responsible for the securitisation of the bank's UK assets and Finance Director of Barclays Mercantile, a Barclays Bank subsidiary providing large and middle ticket leasing finance. Prior to joining Barclays she ran her own consultancy business advising financial institutions on all aspects of securitisation. From 1982 to 1988 she was with Kleinwort Benson, latterly as head of group finance.
Peter Niven has worked in the financial services industry in the UK and offshore for 32 years. His career with the Lloyds TSB Group spanned 29 years where latterly he was chief executive of the Group’s offshore banking operations, until his retirement from the bank in June 2004. A Fellow of the Institute of Bankers and a Chartered Director, he is currently a director of a number of Guernsey based investment funds and captive insurance companies. This includes his role as chairman of F&C Commercial Property Trust Limited, a £1 billion+ UK listed property investment trust and a director of Dexion Trading Limited, a UK listed fund of hedge funds. He is also the chief executive of Guernsey Finance LBG, the promotional body for Guernsey’s finance industry.
Kimberly Tara is the Cheif Executive Officer of the Investment Manager. Kimberly has spent the last 17 years negotiating, executing and managing investments and projects, with a focus on cross-border transactions. Ms. Tara has executed deals in Europe, the US, Latin America and Asia. Ms. Tara began her career in mergers and acquisitions at Morgan Stanley. In 1995 she joined Value Partners, a McKinsey spin-off in Italy. In 1999, she began working as an alternative investment consultant, providing financial and advisory services for clients in Europe and the US. She also worked as CFO for a US-based biotech company focusing on Central Nervous System drug development and memoryenhancement. Since 2005, as chief executive officer of the Investment Manager, Ms. Tara has successfully raised and managed more than $1 billion in commodities and natural resources. Ms. Tara graduated magna cum laude from Brown University with a degree in Business Economics and received her MBA from INSEAD in France.
Liane Luke is the Chief Timber Officer of the Investment Manager and heads timberland investment and timber portfolio management at the Investment Manager. Ms. Luke has more than 20 years experience in real asset investing and has spent the last 12 years working exclusively in timberland investing. As a vice president of Hancock Timber Resources Group from 1996 to 1998, Ms. Luke developed timber investment products for US tax-exempt institutional investors with first investments made within six months. From 1998 to 2005, Ms. Luke was a principal and managing director of Resource Management Services, one of the largest privately held timber investment management organisations in the United States, where she designed tax efficient structures for US and international clients. In 2005, Ms. Luke formed Greenway Investments to focus on structured finance and other novel timberland investment projects for a major US insurance company. In her capacity at FourWinds, she sits on several forestry-related companies’ boards of directors internationally. Ms. Luke earned her BA magna cum laude from the University of New Hampshire and her MBA in finance from the Yale University School of Management.
Management Committee
The Company’s Management Committee is comprised the following members: Peter Niven (Chairman), Keith Oates and Sarah Evans.
Audit Committee
The Company’s Audit Committee is comprised the following members: Sarah Evans (Chairman), Keith Oates and Peter Niven.
The audit committee has the following remit: to meet bi-annually and to consider, inter alia: (a) annual and interim accounts; (b) auditor reports and (c) terms of appointment and remuneration for the auditor (including overseeing the independence of the auditor particularly as it relates to the provisions of non-audit services).
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