Claire Treacy, SIS chair of risk committee

SCOTLAND’S leading responsible finance provider, Social Investment Scotland (SIS) has appointed three senior non-executive directors in support of its new ten-year strategy to build an impact economy. 

The appointments of Claire Treacy, Sheila Fazal, and Collette Norval, will support the delivery of a new ten-year strategy for SIS – Building an Impact Economy 2030 – setting out a roadmap for providing social entrepreneurs with the investment and support needed to create greater, more sustainable impact.

Claire will chair the Risk Committee and Sheila will chair the Audit Committee.

The trio of appointments will join an 8-strong Board led by Ken Barclay whose tenure as chair began last year. In line with SIS’s Diversity & Inclusion objectives, female Board representation is now above 50%.

Since SIS was established in 2001, it has invested nearly £80 million in over 400 businesses and supported over 5,000 social entrepreneurs.

Commenting on the new appointments Ken Barclay, SIS chairman, said: “Claire, Sheila and Collette bring with them invaluable qualities, experience and expertise in the fields of risk, finance and social enterprise to the board of SIS.

“We know that diversity in the boardroom leads to better business outcomes and I am sure that our new board members will make a significant contribution to the pursuit of our long term vision to create an impact economy.​

“With the publication of our new 10 year strategy and in the midst of an ongoing pandemic, I’m excited by the challenge of what we as a board can do to support the SIS Executive in playing an important role as Scotland looks to rebuild its economy.”