Last Word on Scottish Mortgage (posted on Linked In)

I believe I fulfilled my duty to stockholders by attempting to make public my concerns about the director selection process to the FT. This was a last resort after numerous private attempts I made to rectify, going back several months, failed.

I have presented my concerns, whose manifold aspects could not obviously be explicated in the FT’s piece, to the Financial Conduct Authority. I hope the Authority looks into the concerns carefully — I have provided evidentiary back up (the “paper trail”) to the Authority and will be speaking to them shortly.

Having fulfilled my duty to shareholders, having done what I believe is right, I will have nothing more to say. The Trust’s and BG’s overall philosophy of backing very high potential companies is laudable. BG is an honorable, capable organization. I wish them well.

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