Scott Trust Review of Organizational Governance | Press Releases
The review clarifies the roles of the Scott Trust and Guardian Media Group boards and concludes that the GMG board would benefit from more direct experience in the news media industry.
Two current Scott Trust members with significant editorial experience, Emily Bell and Mary Ann Sieghart, have been appointed to the GMG Board with immediate effect.
The governance review was overseen by Scott Trust Chairman Ole Jacob Sunde and led by Scott Trust Member Russell Scott, with a task force comprising Scott Trust Members Stuart Proffitt, Matthew Ryder and Vivian Schiller, and GMG board members Gail Rebuck and Coram Williams.
The main conclusions of the review can be read here.
The Scott Trust also announced the appointment of Russell Scott as the Trust’s Lead Independent Director.
Scott Trust Chairman Ole Jacob Sunde said:
“This review aimed to examine the massive changes in the media industry and the Guardian’s business model over the past twenty years. We have clarified our governance structure and I am confident that we are now better placed to support the Guardian’s purpose and mission, editorially and commercially, as it relates to the future.
“The news media industry remains as unpredictable as it has been for the past 20 years. Thanks to the exceptional efforts of our management team and staff, The Guardian is in a stronger position than we have been in some time – with hard-hitting journalism, sustainable finances and a million recurring digital supporters. who believe in our goal. We are therefore very optimistic about the Guardian’s vital role in the world and our opportunity to succeed as a digital and global news organisation.
“I would also like to thank all colleagues at Scott Trust and the board for their detailed work on the review, in particular Russell Scott who coordinated this work and Neil Berkett, the chairman of the GMG board. Emily Bell and Mary Ann Sieghart are exceptional additions to the GMG Board of Directors who will strengthen our governance and support for the organization. Likewise, I am delighted that Russell Scott has agreed to serve as Senior Independent Director of the Scott Trust. I believe this work prepares us solidly and solidly for the future.
Recruitment to find GMG’s next chairman of the board is ongoing, with current chairman Neil Berkett announcing earlier this year his intention to step down in the spring of 2022. Neil Berkett has chaired the GMG board since 2013 Once appointed, the new chairman will oversee the appointment of GMG’s chief executive, a role currently held by chief financial and operations officer Keith Underwood.
Notes to Editors
About Scott Trust
The main objective of The Scott Trust is to ensure the financial and editorial independence of The Guardian in perpetuity. The Trust was originally established in 1936 to guarantee the financial and editorial independence of The Guardian in perpetuity and to safeguard the journalistic freedom and liberal values of The Guardian, free from commercial or political interference.
The Trust was reconstituted in 1948 and replaced in 2008 by The Scott Trust Limited, a limited company with the same protections for the Guardian enshrined in its constitution. The Scott Trust is the sole shareholder of Guardian Media Group. Its profits are reinvested in journalism and do not benefit any owner or shareholders.
Learn more about the Scott Trust.