There are four “proper officers”:
The Lord Warden of the Stannaries, Sir Nicholas Bacon, who is a Norfolk landowner with commercial interests predominantly in London and is Treasurer of the Royal Horticultural Society.
Receiver General, James Leigh-Pemberton, is a Managing Director and Chief Executive Officer of Credit Suisse in the United Kingdom.
The Attorney-General to His Royal Highness, Jonathan Crow QC, formerly First Treasury Counsel (Chancery), who is a practising barrister, specialising in company and commercial litigation and public law.
The Secretary and Keeper of the Records, Bertie Ross, the chief executive.
The financial strategy for the Duchy is determined by the Finance and Audit Committee. Financial expertise comes from: James Leigh-Pemberton; Sir Nicholas Bacon; Nick Hood who is Deputy Chairman of Brewin Dolphin, Chairman of Walk the Walk and was previously Chairman of Wessex Water; Sir Michael Peat, a chartered accountant, who is The Prince of Wales’ Principal Private Secretary and who worked in the City with KPMG before joining The Queen’s Household as Keeper of the Privy Purse and Treasurer to the Queen; Lord Rothschild Chairman of J Rothschild & Co Ltd, Five Arrows Ltd, and RIT Capital Partners; James Williams who is based in Cornwall and has a variety of interests including farming, education and community development. Nick Hood, James Leigh-Pemberton and Nicholas Bacon also sit on the Remuneration Committee.
Advice on agricultural and rural matters is provided by the Rural Committee. Current members are Sir Nicholas Bacon; James Williams; The Countess of Arran, who runs a traditional rural estate in Devon and has a wide interest in the South West; Mark Thomas, a pedigree beef and sheep farmer from Launceston, Cornwall. Mark is both a landowner and tenant and past Chairman of the National Beef Association (South West), a board director of Meat South West and an Executive Officer of South Devon Herd Book Society and David Fursdon, not a member of Council, who has run his own small family estate in Devon since 1979, is a qualified rural surveyor and agricultural valuer, a former President of the CLA and now a Crown Estate Commissioner, Commissioner of English Heritage and serves on the board of the South West Regional Development Agency. David also writes on rural issues and undertakes consultancy and non-executive director work.
The Commercial Property and Development Committee considers the core portfolio of commercial properties which the Duchy owns together with smaller scale property developments undertaken on Duchy land. Current members are The Duke of Westminster, Chairman of Grosvenor, a privately owned international property group; Sir Nicholas Bacon; Sir Christopher Howes, non-executive Chairman of Barclays Bank’s Property Finance team and a member of the Private Bank’s Advisory Board, a Director of the Howard de Walden Estate and the Colville Estate Ltd. Sir Christopher was the Chief Executive of the Crown Estate from 1989 to 2000, and has served as a member of the Council of the Duchy of Lancaster; John Stephen and Charles Morris are not members of Council, but provide advice. John was previously Chairman for England of real estate advisors Jones Lang LaSalle and currently a Non-Executive Director of a range of public and private property organisations. Charles is a well known designer of buildings and small scale developments.
Bertie Ross, the Secretary and Keeper of the Records, sits on all Council Committees. Various other members of the Duchy Executive are also members of these committees, and attend Council meetings.
Individuals with expertise in various areas of business in which the Duchy operates, including agriculture, commercial property, estate management, law and finance, are appointed to The Prince’s Council to provide advice with regard to the management of the Duchy. With the exception of The Secretary and Keeper of the Records, to whom executive responsibility for the management of the Duchy has been delegated, The Prince's Council is a non-executive body. The Council typically meets twice a year and the specialist sub-committees meet throughout the year.