The Audit and Compliance Committee (“ACC”) is chaired by Low Suk Ling and comprises Sarah Arkle and Charles Cade as members.

The Risk Management Committee (“RMC”) is chaired by Entela Benz-Saliasi and comprises Vi Peterson and Low Suk Ling as members.

Details concerning the role and function of the ACC and RMC will be updated shortly.

The Management Engagement Committee (“MEC”) is chaired by Sarah Arkle and comprises Gordon Lawson and Charles Cade as members. The MEC meets at least once a year, or more often if required. The MEC is responsible for monitoring and evaluating the Investment Manager’s investment performance and compliance with the terms of the Investment Management Agreement. The Committee also reviews the terms of the Investment Management Agreement annually to ensure that the terms thereof conform with market and industry practice and remain in the best interests of Shareholders and making recommendations to the Board on any variation to the terms of Investment Management Agreement which it considers necessary or desirable.

The Nomination and Remuneration Committee (“NRC”) is chaired by Vi Peterson and comprises Entela Benz-Saliasi and Gordon Lawson  as members. The NRC also meets at least once a year, or more often if required. The NRC is responsible for regularly reviewing the structure, size and composition (including the skills, knowledge, experience and diversity) of the Board and making recommendations to the Board with regard to any changes. The NRC shall also make recommendations to the Board concerning formulating plans for succession for non-executive Directors, the key roles of the Chair, the Senior Independent Director, as well as the members of all board committees. The NRC is also responsible for setting the Directors’ remuneration levels.