The Audit and Risk Committee (“ARC”) is chaired by Low Suk Ling and comprises Vi Peterson and Charles Cade as members.

The Management Engagement Committee (“MEC”) is chaired by Charles Cade and comprises Entela Benz-Saliasi and Sarah Arkle 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 Sarah Arkle as member. 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.