The Facts On Systems Of Travel & Leasuire
Explore Travel + Leisure
The determination of what constitutes ‘observable’ requires vital judgement by the Company. The Company considers observable information to investments actively traded in organised monetary markets. Fair value is usually determined by reference to Stock Exchange quoted market bid costs (or final traded in respect of SETS) on the close of business on the Balance Sheet date, with out adjustment for transaction costs necessary to grasp the asset.
Based on this efficiency, the Board decided that the Investment Manager’s appointment ought to proceed and no adjustments could be made to the Investment Management Agreement. It also reviewed the efficiency of the Company Secretary, the Custodian and the Registrar and matters regarding their respective agreements with the Company. No separate Senior Independent Director has been appointed to the Board as, in the view of the Directors, it’s inappropriate to do so given the scale and composition of the Board. The Chairman’s efficiency is evaluated yearly by the Board when carrying out the features performed by a nomination committee as detailed on web page 27.
- The Investment Manager attends Board and Audit Committee conferences, to participate in clear discussions the place constructive problem is encouraged.
- Investors – The Company’s