Section 24: Advisory committee

24. Advisory committee.___(1) An advisory committee shall be constituted by Supervisory Council consisting of seven leading and world- renowned experts in finance, economics, or other relevant fields. (2) Each advisory committee member shall serve for a term of five years and may be eligible for reappointment for one or more additional terms. (3) The first advisory committee shall act as the nomination committee for the duration of its term. (4) The advisory committee shall inform and counsel the Board or, at its direction, the CEO. (5) The advisory committee shall have no authority to exercise the powers of the Board in the management of the Fund. (6) The advisory committee may give suggestion regarding annual business and investment plan to the Board for consideration and implementation. (7) Advice or guidance provided by the advisory committee shall be recorded in writing. (8) Where the Board, or any individual director of the Board, deviates from the advisory committee’s advice or guidance, such deviation shall be recorded in the annual report of the Fund.

Effective date: 2023-08-04

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