Corporate governance

Under the terms of the Management Agreement, MIMAL has been appointed by MIIF to, amongst other things, manage the assets of MIIF, recommend prospective investments and consequent capital raising initiatives to our board of directors, and to manage the day-to-day operations and administrative functions of MIIF, including preparation of MIIF’s financial statements, notices and reports to shareholders and monitoring of registry services.

MIIF’s corporate governance policy framework is provided below and further details can be found in the Prospectus:

Principle 1: Board’s conduct of its affairs - an effective board to lead and control
Principle 2: Board composition and balance - a strong independent element
Principle 3: Chairman and executive responsibility – a balance of power and authority
Principle 4: Board membership – review of board appointments
Principle 5: Board performance assessment
Principle 6: Access to information
Principle 7: Procedures for developing remuneration policies
Principle 8: Level and mix of remuneration
Principle 9: Disclosure on remuneration
Principle 10: Accountability of the Board and management
Principle 11: Audit committee
Principle 12: Internal controls
Principle 13: Internal audit
Principle 14: Communication with shareholders
Principle 15: Shareholders’ participation