The Board assessed the Directors’ charges, following proper consideration of the position that individual Directors fulfil in respect of Board and Committee obligations, the time dedicated to the Group’s affairs and remuneration ranges typically throughout the funding belief sector. The Board reviewed the efficiency of the Investment Manager’s obligations beneath the Investment Management Agreement and thought of whether or not the terms and circumstances of the Investment Management Agreement remain applicable. Based on this efficiency, the Board decided that the Investment Manager’s appointment should proceed and no modifications would be made to the Investment Management Agreement. It also reviewed the efficiency of the Company Secretary, the Custodian and the Registrar and issues regarding their respective agreements with the Company.
The Company might be treated as an investment belief company subject to there being no serious breaches of the situations for approval. The Company can be an …