The board of directors operates through three committees composed entirely of independent directors—Audit Committee, Compensation Committee and Nominating and Governance Committee—all of which meet throughout the year as required. The Audit Committee monitors the integrity of Burford’s financial statements, reviews the effectiveness of Burford’s internal controls and risk management systems and oversees the relationship with Burford’s external auditor, including assessing their independence and objectivity. The Compensation Committee reviews and approves the compensation of Burford’s Chief Executive Officer and Chief Investment Officer as well as other members of Burford’s senior management, determines the broad compensation policy or framework for all of Burford’s employees and reviews the design of performance-related schemes and share incentive plans. The Nominating and Governance Committee reviews the structure, size and composition of the board of directors, identifies potential new directors and nominates them for the approval of the board of directors and assists the board of directors in its oversight of corporate governance and environmental, social and governance matters.

Burford’s expected plan for the future composition of the committees of the board of directors is as follows:

  • Christopher Halmy, who became chair of the Audit Committee following the 2023 annual general meeting, is expected to continue to serve in that role until the 2027 annual general meeting, at which time he will leave the Audit Committee to take on the role of the Chairman of the board of directors
  • John Sievwright is expected to continue to serve as chair of the Compensation Committee until the 2027 annual general meeting, at which time Mr. Halmy is expected to assume that role
  • Robert Gillespie, a director since 2020, is expected to become chair of the Nominating and Governance Committee following Hugh Steven Wilson's retirement from the board of directors at the 2024 annual general meeting and, following Mr. Gillespie's retirement from the board of directors at the 2027 annual general meeting, Rukia Baruti, a director since 2022, is expected to assume that role

The foregoing plans are subject to subsequent amendment in the event of unforeseen circumstances.