Catherine Howarth, chief executive of ShareAction, is to become chair of the shareholders' committee of Daniel Godfrey's The People's Trust, as it reveals the names of the first six members.
The committee is being established to provide an effective and independent means of holding the board and chief executive to account, as well as an open channel of dialogue between the company and shareholders.
With Howarth as chair, the committee will also include:
• Iona Bain, journalist, award-winning blogger and advocate for young people's financial rights
• Lydia Kan, master executive coach and former ultra-high-net-worth private banker
• Pooma Kimis, deputy managing director, OMFIF, independent thinktank for central banking, economic policy and public investment
• Peter Parry, policy director of the UK Shareholders' Association, a not-for-profit organisation which campaigns on issues of interest to retail investors
• Julius Pursaill, independent investment and pension governance specialist, currently holding roles with Heineken, Prudential, RBS, Royal London and Byhiras Trust
• James Sullivan, director and senior fund manager, Coram Asset Management
Howarth commented: "I am delighted to play a part in the evolution of The People's Trust. [It] has an innovative model that sits outside the conventional short-term drivers in the investment industry.
"I look forward to working with fellow members of the shareholders committee to ensure The People's Trust delivers on its promise and potential."
The trust, which has been approved by the Independent Impact Panel of the Social Stock Exchange for membership and will list its shares on the Social Stock Exchange and London Stock Exchange on 17 October, aims to raise £125m during the offer period closing on 10 October.
Founder Godfrey is a former chief executive of the Investment Association until his departure in October 2015.
The People's Trust's absolute return target is a total compound return of CPI inflation + 5% per annum after costs, measured over rolling seven-year periods.
Assuming inflation averages 2% per year, the target nominal return is 7% per year compound over seven years.
Artemis Investment Managers' Mark Niznik and William Tamworth will run the UK Smaller Companies strategy, Comgest has been selected to run the pan-European strategy, and First State Investments's Martin Lau and team will manage the Asia-Pacific including Japan strategy.
JO Hambro Capital Management's Ben Leyland and Robert Lancastle are in charge of the global segment of the portfolio, while Lansdowne Partners will select investments for the 'clean energy' segment.
It also intends to develop an ISA savings platform (in 2018) as a low-cost, shareholder service to provide simple and inexpensive access to retail investors.
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