Symphony is committed to ensuring that it has proper standards of corporate governance, and has established procedures and policies that it considers to be appropriate to its nature, size and resources.

The Board of directors has six members: Pierre Bottinelli, Georges Gagnebin, Rajiv K Luthra, Samer Z. Alsaifi, Anil Thadani and Sunil Chandiramani. Four of the directors – including the Chairman – are independent. The Board members are aware of their obligation to act in the best interests of the Company if potential conflicts of interest were to arise.

The directors currently do not have fixed terms of office and there are specific provisions on the procedures for their appointment.

The Board is responsible for reviewing financial performance and internal controls, and for monitoring Symphony’s overall strategy. In addition, it is responsible for approving the annual financial report and the quarterly NAV reports during the year.

The Board has three committees: the Nominations Committee and the Audit Committee and the Share Options Terms Committee.

Each committee and each director has the authority to seek independent professional advice where necessary, at Symphony’s expense, to enable them to discharge their respective duties.

Symphony has a policy on directors’ dealings in shares, which is based on the Model Code for Directors’ dealings contained in the UK Listing Authority's Rules.

The Board understands its responsibility for ensuring that there are sufficient, appropriate and effective systems, procedures, policies and processes for internal control of financial, operational compliance and risk management. The Board meets at least four times during the year to receive an update on Symphony’s investment activities and performance from the investment manager, together with reports on markets and other relevant matters. In carrying out their responsibilities, the directors have put in place a framework of controls to ensure that on-going financial performance is monitored in a timely and corrective manner, and that risk is identified and mitigated to the extent practicably possible.

The Company has entered into an agreement with the investment manager, Symphony Asia Holdings Pte. Ltd. The investment manager’s principal responsibilities are to implement Symphony’s investment objectives, which are to increase its Net Asset Value through long-term strategic investments in consumer businesses, primarily in the healthcare, hospitality and lifestyle, and branded real estate sectors in the Asia-Pacific region and through investments in special situations and structured transactions, which have the potential to generate attractive returns and to enhance its Net Asset Value.