Monks chair Sternberg to step down from board after 11 years

September 2025 AGM

The Monks investment trust chair Karl Sternberg will not offer himself for re-election at the company's September 2025 annual general meeting.

In Monk's latest annual report the board had asked Sternberg to stay on as chair until after the 2024 AGM as they considered it "a matter of good succession planning" while they found a suitable replacement. "The board considers that the tenure of the chair should be determined principally by the board's role in providing strategic leadership, governance, challenge and support to the managers," the directors stated in the trust's latest annual report.  Monks to pay lower annual dividend to boost share buybacks "[This is] while balancing the importance of independence, refreshment a...