Eastern European Property Fund Limited is an authorised closed-ended Guernsey registered company, which was established to take advantage of opportunities in the property markets of Turkey, Bulgaria and Romania.
The investment objective of the Company is to carry out an orderly realisation of the Company's portfolio of assets, distribution of the net proceeds to Shareholders and then undertake a voluntary winding-up of the Company.
Board of Directors
Martin M. Adams (Chairman)
Martin has over 35 years investment and banking experience in emerging markets and has forged a career serving as an independent director on listed and unlisted funds. He is currently chairman of Kubera Cross-Border Fund Limited and Trading Emissions plc and a non-executive director of a number of other funds.
Carol P. Goodwin *
Carol has extensive experience in the finance industry and has held senior executive positions in several European and North American banks, managing businesses in London, Toronto, Montreal, Amsterdam, Nassau and Guernsey. She is currently a director of Investec Bank (Channel Islands) Limited where she was managing director between 1994-1996 and 1998-2001. Carol was, until March 2012, vice chairman of another Guernsey bank and is also currently a non-executive director of a number of financial services entities and other listed and unlisted investment funds. Carol is a Fellow of the Institute of Canadian Bankers, a Trust and Estate Practitioner and a Chartered Director and Fellow of the Institute of Directors.
* Andrew Duquemin is an alternate Director for Carol.
The Company's Audit Committee is comprised of Carol P. Goodwin and Martin M. Adams.
The Audit Committee examines the effectiveness of the Group's financial reporting and internal control policies and procedures for the identification, assessment and reporting of risks.
As a Guernsey incorporated company, and as a private entity, the Company is not required to comply with the UK Corporate Governance Code published by the Financial Reporting Council. However, the Directors place a high degree of importance on ensuring that high standards of corporate governance are maintained and that the Company complies with the Finance Sector Code on Corporate Governance issued by the Guernsey Financial Services Commission ("GFSC").
The Board considers that the Company has complied with the provisions contained within the Finance Sector Code on Corporate Governance issued by the GFSC.