- Reinet Investments complies with prevailing corporate governance requirements as established by the Luxembourg financial markets regulator - La Commission du Surveillance du Secteur Financier (‘CSSF’) - and the Luxembourg Stock Exchange as well as Luxembourg and European Union law.
- Reinet recognises its responsibilities to all of its stakeholders including investors, employees and associates as well as companies in which it invests and the communities in which Reinet and its investees operate.
- Reinet will seek to ensure that companies in which it invests comply with relevant corporate governance requirements.
- Reinet Investments and Reinet Fund are established as partnerships limited by shares (‘sociétés en commandite par actions’) each of which are under the control of a general partner (‘commanditaire’).
- In the case of Reinet Investments, the general partner is Reinet Investment Manager S.A. and, in the case of Reinet Fund, Reinet Fund Manager S.A.
- The management companies are owned by Rupert family interests.
- The general partners have broad powers to carry out all management and administrative functions of the respective companies. The general partners carry out the role generally performed by the board of directors and the general management of a corporation. Senior management will be employed in the management companies rather than directly by Reinet Investments and Reinet Fund.
- The remuneration of the general partners is regulated by the terms of the relevant management agreements entered into between Reinet and the management companies.
- In carrying out their functions the management companies are subject to review by the Board of Overseers (‘College des Commissaires’) of each of Reinet Investments and Reinet Fund. The same Board of Overseers has been appointed for both companies and, in each case, the Board of Overseers will act as the Audit Committee of the company.
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