Governance structure and policies

Governance structure and policies

Empower the executive management

Governance framework.

The design of the Funds’s governance framework was guided by three key principles:

Develop a governance framework based on <strong>industry best-practices</strong> to ensure effective decision-making, transparency, and clear accountability

Develop a governance framework based on industry best-practices to ensure effective decision-making, transparency, and clear accountability

<strong>Empower the executive management</strong> to make investment decisions, with the Broad of Directors providing oversight and challenge to ensure alignment with relevant frameworks and strategic goals

Empower the executive management to make investment decisions, with the Broad of Directors providing oversight and challenge to ensure alignment with relevant frameworks and strategic goals

Ensure The Fund is operating <strong>independently,</strong> whilst remaining at <strong>arm’s length</strong> from Growthfund and other key government stakeholders, to ensure alignment with national strategic priorities.

Ensure The Fund is operating independently, whilst remaining at arm’s length from Growthfund and other key government stakeholders, to ensure alignment with national strategic priorities.

Organisational chart.

01

Ministry of finance

Provides joint consent for the nomination and renomination of THE NEW FUND CEO, Board chair, and members.

02

Growthfund Board of Directors

Acts on behalf of Growthfund as the sole shareholder of THE NEW FUND and represents the interests of other key stakeholders such as the MoF.

03

THE NEW FUND Board of Directors

Provides oversight and challenge to THE NEW FUND’s management to ensure alignment between THE NEW FUND’s activities and relevant frameworks and strategic goals.

05

Audit Committee

Provides oversight and challenge to THE NEW FUND’s management to ensure alignment between THE NEW FUND’s activities and relevant frameworks and strategic goals.

06

Executive Investment Committee

Senior management-level committee that holds the authority to approve investments in accordance with the investment policy framework, as approved by THE NEW FUND BoD

07

Senior management

04

Advisory Group

Provides oversight and challenge to THE NEW FUND’s management to ensure alignment between THE NEW FUND’s activities and relevant frameworks and strategic goals.