Committees

 

Audit and Risk Committee

The Audit & Risk Committee ("A&R Committee") meets not less than three times a year.

The A&R Committee is responsible for:

• Reviewing and recommending approval of the semi-annual and annual financial statements of the Group

• Reviewing the effectiveness of the accounting and internal control system

• Overseeing the relationship with the external auditor, including but not limited to meeting them regularly, and monitoring their remuneration, terms of engagement and independence

• Monitoring the risks and their potential impact on the Company

 

Management Engagement Committee

The Management Engagement Committee ("ME Committee") meets at least once per a year.

The ME Committee is responsible for:

• Considering the performance of the Investment Manager in respect of the service level requirements set out in the Investment Management Agreement

• Considering whether the continuing appointment of the Investment Manager, on the terms of the management contract, is aligned with the interests of shareholders as a whole, and make recommendations to the Board thereon together with a statement of the reasons for their view

• Reviewing and considering the performance and engagement terms of other service providers to the Company