GOVERNANCE

AIFM Fund Management Limited, which is registered in Guernsey with registered number 17484 with its registered office at Sarnia House, Le Truchot, St Peter Port, Guernsey GY1 4NA, has been appointed as the alternative fund investment manager of the Company


BOARD OF DIRECTORS

The Board is responsible for managing the business affairs of the Company in accordance with its articles of association and have overall responsibility for the Company’s activities. The Board may delegate certain functions to other parties such as the Administrator, the Company Secretary and the Registrar. The Board has responsibility for exercising supervision of the appointed service providers.

Brendan Hawthorne (Chairman)

Brendan Hawthorne has more than 20 years experience as a specialist in financial investigations and asset recovery. He has extensive multi-jurisdictional experience including acting as an independent director of substantial onshore and offshore investment funds. He is a Chartered Accountant and Certified Fraud Examiner. His forensic accounting, asset recovery and litigation experience will be especially helpful in supervising the maximization of value from the asset recovery processes.

Brett Miller

Brett Miller currently serves as a non-executive director of a number of listed investment companies and previously served as an executive director of Damille Investments Ltd and Damille Investments II Ltd (both closed end funds previously listed on the specialist funds segment of the London Stock Exchange). Mr. Miller has considerable experience in corporate finance, corporate governance issues, corporate restructurings and optimising financial capital structures, and has been instrumental in a number of fund realisations in recent years for closed end funds listed on the London Stock Exchange and AIM.

Joe Kenary

Mr Kenary graduated from Harvard College in 1986 and also holds an MBA from UCLA Anderson School of Management. He began his career in private equity investing and subsequently developed significant direct lending experience as the first employee of Capitalsource, Inc. a commercial finance business that evolved to become a publicly traded commercial bank with assets in excess of $10 billion. He was also a senior executive of Alliance Partners, a US based asset manager and commercial lender that specialised in the acquisition and management of commercial loans for community banks.