Board of Directors
The Board of Directors is responsible for the overall strategic direction of NBPE. The Board has appointed Neuberger Berman Private Equity as the investment manager responsible for the day-to-day management and investment decisions.
Trudi Clark
The Board comprises of five non-executive Directors, William Maltby (Chairman), Wilken von Hodenberg (Senior Independent Director), John Falla, Trudi Clark and Peter von Lehe. All Directors other than Peter von Lehe are regarded as independent Directors.
The Board delegates certain responsibilities and functions to the Audit Committee, which comprises all of the independent Directors and the Chair is John Falla.
The Audit Committee meets at least three times a year. The members of the Audit Committee consider collectively that they have the requisite skills and experience to fulfil the responsibilities of the Audit Committee.
The Audit Committee provides oversight and reassurances to the Board, particularly with respect to financial reporting, audit and risk management. They will review the scope and results of the external audit and the independence and objectivity of the external auditors, including the provision of non-audit services. See NBPE’s Audit Committee Terms of Reference for further details.
The Management Engagement Committee meets at least once a year.
The Management Engagement Committee’s principal function is to review annually the terms of the Investment Management Agreement between the Company and the Investment Manager. The Management Engagement Committee also reviews annually the performance and terms of engagement of key service providers. See NBPE’s Management Engagement Committee Terms of Reference for further details.
The Nomination & Remuneration Committee’s main function is to assist the Board in filling vacancies on the Board and its committees and to review and make recommendations regarding Board structure, size, composition and remuneration. See NBPE’s Nomination & Remuneration Committee Terms of Reference for further details.