The arrangement tends to give editors a long tenure: for example, the last incumbent, Alan Rusbridger, held the position from 1995 until 2015.
The current chairman of the Scott Trust Board is Ole Jacob Sunde,[3] who replaced Alex Graham in 2021.
It has become normal practice for a Guardian journalist to be a member of the trust, though they are not considered to be a "representative" of the staff, as this may result in a conflict of interests.
The new company is barred from paying dividends, and "its constitution has been carefully drafted to ensure that no individual can ever personally benefit from the arrangements.
[10] Guardian News and Media, a subsidiary of the Scott Trust Limited, reported a loss of £30.9 million for the year to the end of April 2013.
[6] In 2023, following independent academic research commissioned in 2020 reporting, the trust apologised for the newspaper's founders involvement in transatlantic slavery principally through the cotton trade.
Paine is a former managing director and senior adviser at Rothschild & Co.[16] In early December 2024, the company announced the sale of The Observer to Tortoise Media.
[18] The Scott Trust Limited is governed according to the articles of association, set up in 2008 and filed at Companies House.
[citation needed] [20] Besides the GMG businesses, the company has a charitable wing: The Guardian Foundation[21][22] led by Executive Director Kelly Walls.