Related Party Transactions
The Boards are committed to ensuring that conflicts of interest arising between LLP, the Manager and its related parties should be managed appropriately and, in particular:
• related party transactions should be identified clearly and conducted on arm’s length terms;
• related party transactions should be tested by reference to whether they meet market standards; and
• decisions about transactions between LLP, the Manager and its related parties should be made by persons who are independent.
Accordingly, only the independent directors will make decisions about transactions that involve a related party. The independent directors will consider the information provided by the Manager and any other information that they consider relevant, including any independent professional advice (such as legal, accounting and financial advice) obtained by LLP.