Palace Capital plc has three executive and three non-executive directors.
Non Executive Chairman
Stanley is a successful serial entrepreneur who has been involved in the City of London since 1977. His founding company was company registration agents Stanley Davis Company Services Limited which he sold in 1988. In 1990 he became Chief Executive of a small share registration company which became known as IRG plc and acquired a number of businesses including Barclays Bank Registrars and was sold for a substantial sum to The Capita Group plc.
He is Chairman of Stanley Davis Group Limited specialising in company formations, property and company searches. Chairman of the Nominations Committee and member of the Audit and Remumeration Committees.
Neil has over 50 years’ experience in the property sector. He was a founder of Sinclair Goldsmith Chartered Surveyors which was admitted to the Official List in 1987 and subsequently merged with Conrad Ritblat in 1993, when he became Executive Deputy Chairman. Neil was appointed Non-Executive Chairman of Baker Lorenz, surveyors in 1999 and which was sold to Hercules Property Services plc in 2001. He was appointed a Non-Executive Director of Tops Estates plc, a fully listed company, in 2003 and remained so until it was sold to Land Securities plc in 2005. He was one of the founders of Mission Capital plc, now Watchstone Group plc, which was admitted to AIM in 2005, and was Executive Chairman until February 2008. He was also featured in ‘Top 100 Property People in Property Week’ in 2003.
He was elected Chief Barker (Chairman) for 1991 for Variety the Children’s Charity one of the country’s premier charities and is still a Trustee. He co-founded ‘the PROPS’, one of the industry’s leading events which has raised nearly £9 million for Variety’s Wheelchair Program. Member of the Nominations Committee.
Richard has extensive experience of sourcing and managing commercial investments throughout the UK. After qualifying as a Chartered Surveyor in 2000, he developed his experience working as a fundamental team member of four Central London property firms including the corporate real estate division of what is now CBRE Global Investors. In 2011, Richard established his own boutique property consultancy, successfully negotiating sales and acquisitions on behalf of a wide variety of institutional & private clients before joining the board of Palace Capital in October 2013.
Stephen Silvester, a Chartered Accountant, joined Palace Capital in 2015 and brings over ten years’ experience as a finance professional, with a background across a range of markets, including real estate. Prior to joining Palace Capital he served for three years as Group Financial Controller at New River REIT, who specialise in the UK retail sector. He was involved in debt restructuring, numerous property portfolio acquisitions across the UK, capital raising and securing credit facilities from major institutions.
Stephen started his career at Menzies Chartered Accountants in the UK before moving to Sydney, Australia for five years where he served as a senior accountant and business advisor for PKF Chartered Accountants and then joined as Group Financial Controller for St Hilliers Pty Ltd, a large real estate company based in Australia with construction and property development operations in both the residential and commercial sectors.
Anthony has over 30 years experience in the corporate sector. He was a partner at the international law firm Simmons & Simmons from 1977 until 1999. In 1998 he joined the board of Tops Estates plc, a fully listed company, and remained so until 2005 when the company was acquired by Land Securities plc.
From 2004 to 2013 as a Managing Director of Locate Continental Properties Kft a private Hungarian company, he undertook a number of property renovations in Budapest for investment purposes and was a trustee of the Gynaecology Cancer Research Fund from 2002 to 2009. Anthony read law at Cambridge, was admitted as a solicitor in 1969 and retired from practice in 1999. Chairman of the Renumeration Committee, and Member of the Audit and Nominations Committees.
Kim, a Chartered Accountant, brings to Palace Capital over thirty years’ experience as a company director for a range of businesses, with a particular background in property management, investment and development.
He was Finance Director and latterly Chief Executive of Birkby plc, a manager of serviced workspace (IMEX) and indoor markets (Inshops), between 1983 and 1999 and continued as Chief Executive of the enlarged Group after the agreed takeover by Mentmore plc, at that time Europe’s leading records management and self storage company where he remained until 2001.
Since 2001, Mr Taylor-Smith has undertaken various property investment and development projects including the establishment of a successful serviced workspace operation which was sold to Highcross Group in 2006. Chairman of the Audit Committee and member of the Remuneration and Nominations Committees.
The Board has delegated authority to the following committees:
The Audit Committee members are Kim Taylor-Smith (Chairman), a Chartered Accountant, Stanley Davis, and Anthony Dove. The Committee meets when appropriate to consider the Company’s accounting policies and in particular with the Company’s auditors to review the financial statements.
The Remuneration Committee members are Anthony Dove (Chairman), Stanley Davis and Kim Taylor-Smith. The Committee meets when necessary to review the remuneration of the Executive Directors. The views of the Chief Executive are sought in respect of the other Executive Directors.
The Nominations Committee members are Stanley Davis (Chairman), Neil Sinclair, Anthony Dove and Kim Taylor-Smith. The Committee meets when appropriate to consider appointments to the Board of both Executive and Non-Executive Directors. Where necessary, external search consultants are used to ensure that a wide range of candidates is considered.