Changes to Board Committees

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 8551F Globalworth Real Estate Inv Ltd 31 October 2018  \n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.\n \n31 October 2018\nGlobalworth Real Estate Investments Limited \n(\"Globalworth\" or the \"Company\")\nChanges to Board Committees\n \nThe Board of Globalworth is pleased to announce a series of changes to the Company's Board committee structure, consistent with its ongoing growth and commitment to high corporate governance standards.  \n \nFirstly, the Board has introduced a nomination committee, a function that was previously undertaken by the Board as a whole.   Secondly, the Board has divided the previous remit of the existing audit and risk committee into separate audit and risk committees.  In addition, further changes to the roles of its independent non-executive directors in various committees have been made.  These changes, all with effect from 1 November, are summarised below:\n \n·    The newly formed nomination committee is chaired by Geoff Miller (Chairman of Globalworth), the other members being Eli Alroy and Peter Fechter. \n \n·   The newly formed risk committee is chaired by Andreea Petreanu (Non-Executive Director), the other members being Geoff Miller, Richard van Vliet and John Whittle. Andreea Petreanu has 18 years' experience in risk management and is currently Head of Credit Risk Management at Mizuho International in London.\n \n·    Bruce Buck (Non-Executive Director) succeeds Geoff Miller as chairman of the remuneration committee, Peter Fechter and Eli Alroy remaining as the other members.\n \n·    The composition of the audit committee is unchanged and comprises John Whittle (Non-Executive Director and Chairman of the Audit Committee), Andreea Petreanu and Richard van Vliet.\n \n·   The composition of the investment committee is also unchanged and comprises Eli Alroy (Non-Executive Director and Chairman of Investment Committee), Ioannis Papalekas, Dimitris Raptis, Norbert Sasse and George Muchanya.\n \...

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