Jaime Ardila

About Jaime Ardila

Jaime Ardila, age 69, is an Independent Director of Goldman Sachs BDC, Inc. (GSBD), serving since February 2016 and standing for re‑election as a Class II director with a term to 2028 if elected; he previously served as Chairperson of GSBD’s Board . He brings extensive operating and governance experience from senior roles at General Motors and multiple public company boards, including Accenture plc (Finance Committee Chair; Audit and Governance & Nominations member) and Nexa Resources S.A. (Board Chair), underscoring deep financial oversight credentials . As an Independent Director per NYSE and 1940 Act definitions, he is not an “interested person” of the Company .

Past Roles

External Roles

Board Governance

• Independence: Classified as Independent Director under NYSE and 1940 Act; not deemed an “interested person” .
• Attendance/Engagement: Board held 5 formal meetings in 2024; each director attended at least 75% of Board and respective committee meetings; however, none of the directors attended the 2024 Annual Meeting of Stockholders (virtual) .
• Committee Assignments (GSBD): Audit (member), Governance & Nominating (member), Compensation (member), Compliance (member), Contract Review (member). Note: Richard A. Mark is Audit Chair; Timothy J. Leach chairs Governance & Nominating, Compliance, and Contract Review .
• Audit Committee Load: Ardila simultaneously serves on audit committees of more than three public companies; the Board determined this does not impair his effectiveness on GSBD’s Audit Committee .

Fixed Compensation

Performance Compensation

Other Directorships & Interlocks

Expertise & Qualifications

• 29 years at General Motors culminating as Executive Vice President and President of GM South America; seasoned operator with capital allocation and restructuring experience .
• Public company governance leader: Accenture Finance Chair; prior Audit Chair at Ecopetrol; multiple committee roles spanning audit, governance, and nominations .
• Demonstrated board leadership as prior Chairperson of GSBD’s Board and current chair roles across GSAM‑affiliated BDCs, evidencing strong governance and risk oversight capabilities .

Equity Ownership

Governance Assessment

• Strengths: Significant audit/finance governance experience (Accenture Finance Chair; prior Ecopetrol Audit Chair) and deep operating background at GM provide robust oversight on valuation, risk, and credit underwriting—a fit for BDC governance demands .
• Alignment: Holds 19,414 GSBD shares (>$100k), offering some skin‑in‑the‑game; however, GSBD provides no equity retainer, limiting ongoing alignment incentives in director pay mix .
• Engagement: Met Board/committee attendance thresholds (≥75%); note that no directors attended the 2024 Annual Meeting, which may be perceived negatively on shareholder engagement despite the virtual format .
• Conflicts/Related‑Party Exposure: Extensive interlocks with GSAM‑affiliated BDCs (chairs multiple) and GSAM’s advisory relationship with GSBD (fee‑based), plus SEC co‑investment exemptive relief that permits portfolio overlap across Goldman‑managed accounts—heightening conflict management needs (mitigated by committee oversight and policies) .
• Risk Indicator: Simultaneous service on >3 public company audit committees flagged and specifically assessed; GSBD’s Board concluded it does not impair Audit Committee effectiveness, but investors may monitor aggregate commitments .
• Compensation Structure: Cash‑only director compensation (no equity, options, pensions) at GSBD; total pay from Goldman Sachs Fund Complex materially higher due to multiple affiliated boards, which may raise perceived affiliation bias—counterbalanced by formal independence status and multi‑committee service at GSBD .