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Carol Ferguson was appointed as a non-executive director on 1 September 2003. She joined the Board of Vernalis Group plc as a non-executive director in May 2002. She is a former partner and lead oil analyst at stockbrokers Wood Mackenzie, and was Finance Director of a textiles company. She is currently non-executive director and Chairman of the Audit Committee of Ardana plc, Gartmore Smaller Companies Investment Trust, Merrill Lynch Greater Europe Investment Trust and the Association of Investment Trust Companies where she is also a Deputy Chairman. She is also non-executive director of Monks Investment Trust and the Chartered Accountants Compensation Scheme. She is a graduate of St Andrews University and a member of the Institute of Chartered Accountants of Scotland. | 