Richard Brooman chairs audit and risk committees in a number of companies and charities. He qualified as a chartered accountant with Price Waterhouse. He held senior operational and financial positions at Mars, going on to be Chief Financial Officer of the global Consumer Healthcare business of SmithKline Beecham. These roles gave him comprehensive experience of financial and risk management in two leading global companies and of both acquisitions and disposals of businesses. Moving to the SME sector he became Group Finance Director of VCI plc, and subsequently CFO of Sherwood International plc, both mid-capitalisation businesses listed on the London Stock Exchange; he is currently senior independent director of Acal plc, a listed manufacturer of custom electronic components. This career provides a strong basis for assessing, and where appropriate challenging, the financial and risk management framework not only of the Company but also of companies across a wide range of industries, including companies in our portfolio. As Chairman of the Audit & Valuation Committee, he takes the lead in scrutinising the valuation of each company in the portfolio prepared by HgCapital.
Richard has long experience in the investment trust sector, notably as Deputy Chairman of the Board, and Chairman of the Audit Committee, of Invesco Perpetual UK Smaller Companies Investment Trust plc. Together with his role as Chairman of this Company’s Audit and Valuation Committee, his appointments ensure that he remains well briefed about accounting and regulatory issues affecting the Company. Richard is aged 61 and has served on the Company’s Board since 2007.