At AFCCL, we recognize the importance of good corporate governance. We are proud of our success and integrity on which this Firm is built and we have the utmost confidence in the governance provided by our Board of Directors. Our Board is a balanced and diverse group of leaders and is highly independent and well equipped to carry out its functions as a governing body on behalf of stockholders. The Board's Corporate Governance Principles and the charters of the principal Board committees are set out below. Together, these form the framework for governance of the Firm. The Board's Corporate Governance Principles and committee charters reflect Local and International standards as well as regulatory requirements, and they rest on a foundation of long-standing governance principles of the Firm and its predecessors. The Board recognizes that governance principles will continue to evolve in the future and that the Board should continue to re-evaluate them from time to time in light of changing circumstances.