Corporate Governance Policy

Corporate Governance is one of the important ways that protection is provided to investors in the Angas Prime Income Fund.

The Board of Directors is responsible for the overall corporate governance including setting the strategic direction of Angas Prime, establishing goals for management and monitoring the achievement of these goals. Management of the business on a day to day basis is delegated by the Board to the Chief Executive Officer who is responsible for managing the operations of Angas Prime within corporate governance framework established by the Board. An Audit Risk Management and Compliance Committee has responsibilities which include oversight and supervision of compliance and risk management. In addition, Angas Prime has its own Compliance Committee. A majority of the members are independent of Angas Prime. The Compliance Committee oversees Angas Prime’s adherence to the matters set out in its Compliance Plan.

Together, these two committees provide a structured process whereby Angas Prime is able to comply with all its regulatory obligations under the Corporations Act 2001 and other legislation which impacts on the conduct of its investment business. Angas Prime also has an established framework for management which includes a system of internal control and review, an independent external consultant with authority to review the AML operations and to recommend change, a dedicated Head of Compliance, a business risk management process which is actively implemented and the establishment of appropriate ethical standards based on the Australian Institute of Company Directors Code of Conduct. This compliance framework is the subject of regular internal and external review.

Several members of Angas Prime staff and management have their own investments in the Fund, but they may not invest on terms which are more generous than those available to other investors. Angas Primes makes continuous disclosure to its investors, by way of website disclosure. If required, a Supplementary or replacement Product Disclosure Statement will be issued. Angas Prime is committed to a policy of upholding the highest standards of ethical behaviour throughout the organisation.