To ensure in-depth review and oversight of critical parts of Impetus activities, there are four sub-committees to the Impetus board. Collectively, these committees seek to ensure that the specific areas of focus are led, where possible, by trustees.
Investment Committee
The committee is responsible for ensuring a balanced portfolio and
recommends the direction of the portfolio in terms of its mix,
growth and overall strategy.
In determining new inclusions to our portfolio, the committee
scrutinises and recommends which charities should be taken through
to due diligence; ensures that the due diligence process provides
the appropriate level of appraisal to safeguard investment; and
makes recommendations on charity investments to achieve a balanced
portfolio.
Beyond the initial investment, the committee also reviews the
funding and milestones of the portfolio and conducts status reviews
of the portfolio as well as scrutinising and recommending
reinvestments and graduations from the portfolio.
The Investment Committee consists of:
- Nat Sloane (Chair) (Impetus Vice-Chair)
- Andy Hinton (Ailsa 3 Ventures Limited and Impetus trustee)
- Amelia Fitzalan Howard (The Henry Smith Charity and Impetus trustee)
- Alex Birch (OC&C Strategy Consultants)
- Marc Boughton (CVC Capital Partners).
Governance and Remuneration Committee
The committee has a strategic role in defining the role of the
Board as well as how the Board interacts with the various
sub-committees. Alongside this, the committee directs the trustee
recruitment process and trustee responsibilities and defines the
link between the Advisory Council and the Board.
In its fiduciary capacity, the committee is responsible for
conducting the Chair evaluation annually as well as advising on
trustee/Board development and an evaluation of the other
sub-committees. Finally, staff remuneration and benefits policies
are overseen by the committee.
The Governance and Remuneration Committee consists of:
- Chris Underhill (Chair) (BasicNeeds and Impetus trustee)
- Ian Meakins (Wolseley Plc and Impetus trustee)
- Nat Sloane (Big Lottery Fund, Impetus Vice-Chair)
- Louis Elson (Palamon Capital Partners and Impetus Chair)
- Daniela Barone Soares (Impetus Chief Executive).
Finance and Audit Committee
The committee scrutinises and approves the draft annual budget,
and reserves and investment policies to put before the Board. It
monitors the integrity of the charity's financial statements and
the effectiveness of the external audit process and systems of
internal control.
The committee is also responsible for ensuring that an appropriate
relationship between Impetus and the external auditors is
maintained, including reviewing non-audit services and fees.
The Finance and Audit Committee consists of:
- Louis Elson (Chair) (Palamon Capital Partners and Impetus Chair)
- Adam Holloway (ISIS Equity Partners)
- Mark Grizzelle (CVC Capital Partners)
- Andy Hinton (Ailsa 3 Ventures Limited and Impetus trustee)
- Stephen Dawson (Jacana Venture Partnership and Impetus trustee)
- Judith Twentyman (Impetus Finance Director).
Public Affairs Committee
The committee seeks to increase Impetus Trust's ability to drive
systemic change by focusing on those areas where we have specific
hands-on experience and authority on which to speak. This would
include the importance of venture philanthropy, the need for grants
for high-impact charities and capacity building for the social
sector.
The Public Affairs Committee comprises:
- Craig Dearden-Phillips (Councillor for Suffolk County Council, VoiceAbility (formerly Speaking Up) Chair and Impetus trustee)
- Patrick Butler (The Guardian)
- Nick Seddon (Reform)
- Jo Casebourne (NESTA)
- Amelia Fitzalan Howard (The Henry Smith Charity and Impetus trustee).
There is a plan to add more committee members in the near future.
Read more about Impetus trustees.
We couldn’t possibly have expanded in the way we have, and with the speed we have, without support from Impetus.
Rob Owen
Chief Executive, St Giles Trust