The search has started for trustees to run the UK Green Investment Bank’s (GIB’s) Green Purposes Company (GPC), which is tasked with protecting the bank’s green mandate.
The GPC is a special shareholder unit with voting powers to ensure that once the GIB is sold to the private sector it remains legally obliged to invest in accordance with the green purposes currently set out in the bank’s articles of association.
The trustees are being selected by a temporary independent nominations committee, which includes representative from The Royal Society, The Institute of Chartered Accountants of Scotland and the Law Society of Scotland.
The committee has asked GIB to support its work and is looking to appoint trustees from a diverse professional background, including scientific, environmental, engineering, legal and corporate, charities governance and finance and accounting.
Image: GIB has a 20% stake in the Sheringham Shoal offshore wind farm (Statoil)
