Management Engagement Committee

The Committee’s duties are to:-

  • review the Investment Manager’s remuneration and terms of appointment;
  • review the performance of the Manager;
  • review not less than once-a-year the terms of the management contract between the Company and its Manager,
  • to ensure that the terms are competitive, fair and reasonable for the Company’s shareholders;
  • review and make recommendations to the Board on any proposed amendment to or material breach of the management contract;
  • to consider not less than once-a-year whether it is in the interest of the shareholders, as a whole, that the management contract should continue;
  • make whatever recommendations to the Board it deems appropriate, and
  • compile a report to shareholders to be included in the Company’s Annual Report and Accounts.


Millennium House,
46 Athol Street, Douglas,
Isle of Man, IM1 1JB.
Telephone: +44 (0) 1624 692 600
Fax: +44 (0) 692 601