BGHL complies with the corporate governance obligations that are applicable to it under Guernsey law. The Directors are responsible for the determination of the investment policy and have overall responsibility for BGHL’s activities. The Directors hold Board meetings on a quarterly basis and at other times as may be required. All of the Directors are non-executive and independent of the Investment Manager. The board operates an Audit Committee that meets formally at least twice a year. BGHL holds a general meeting in Guernsey each year, which is expected to be in July each year. The Company's audited annual report and accounts are prepared to 31 December each year and shareholders also receive an unaudited interim report each year. The Company's accounts are drawn up in Euros and in compliance with IFRS and The Companies (Guernsey) Law, 2008.