As both a company Finance Director and Trustee of some of the company’s pension schemes I recognised the need to increase the knowledge of our trustee boards as well as to correctly manage conflicts of interest. We sought out an Independent Chairman of Trustees for our various schemes. We wanted someone who was properly qualified, had extensive knowledge and experience and a practical approach whom we could work with rather than against. I expect in this regard we are no different to many medium sized companies with old defined benefit schemes. What surprised us is that there are so few such people around. We were glad to find Richard Butcher. His appointment strengthened the pension schemes’ governance for the benefit of the members whilst at the same time gave the company someone it could work with.
Group Finance Director, Carter Thermal Industries