Unitholders Report

Corporate Governance

NIDF operates within tightly defined conventions stated within the investment policy. To ensure the smooth running of the investment vehicle, NIDF has:

• Joint Trustees controlling the operation of the vehicle
• An Advisory Board supervising the operations
• A Custodian to hold the investments and cash
• An Auditor to report on the financial performance
• A Valuation Adviser to report on the valuation
• An ESG Adviser to report on the Fund’s Impact
• A Fund Manager, Chapel Hill Denham Management, to determine which investments to make and to manage those investments.