Committees
Audit Committee
At a Board meeting held on 22 March 2007, it was resolved that an Audit Committee be set up comprising the independent Directors with Clive Spears appointed as Chairman. The Audit Committee operates within clearly defined terms of references which have been approved by the Board and provides a forum through which the Company's external Auditors report to the Board. The Board is satisfied that the Audit Committee contains members with sufficient recent and relevant financial experience.
Investment Committee
At a Board meeting on 22 March 2007, it was resolved that an Investment Committee be set up comprising the independent Directors with Geoffrey Vero appointed as Chairman. The purpose of this committee is to review the performance of the portfolio companies. The Board is satisfied that the Investment Committee contains members with sufficient recent and relevant investment experience.
