ANNUAL REPORT

CORPORATE GOVERNANCE
(1997 to 2000). He spent the first 18 years of his career at
Deutsche Bundesbank, the last two of them (1994-1996) on the
Executive Board and the Central Bank Council. He has served as
an outside director on the board of various companies and has
been a member of the Group of Thirty, a think tank, since 1996.
Mr. Häusler studied Law and Economics at the Universities of
Frankfurt and Geneva.
Jeremy W. Sillem – Director and Chairman of the Audit and
Compliance Committee :
Mr. Sillem, a director since April 1, 2005, is the Managing
Partner and Co-Founder of Spencer House Partners LLP. Prior
to establishing Spencer House Partners, he was the Chairman of
Bear, Stearns International Limited, the European arm of the
New York based investment bank, from May 2000 until January
2004. Prior to joining Bear Stearns, Mr. Sillem spent a 28 year
career with Lazard LLC and its predecessor entities, during five
year of which he was Chief Executive of Lazard Capital Markets
in London.
Currently, Mr. Sillem is Chairman of the World Trust Fund, a
London Stock Exchange-listed investment company; a director
of Martin Currie (Holdings) Limited, a privately held equities
fund manager; a director of Harbourmaster Capital (Holdings)
Limited, a privately held European-based credit manager; and a
director of Checkmate Mortgages Limited, due to start trading in
2009 in the UK mortgage distribution sector.
COMPENSATION
The following compensation was paid to directors for their
services as directors during the fiscal year ended March 31,
2009.
Each of RHJI’s non-executive directors (except as mentioned
below and other than the Chairman of the Board of Directors)
was paid an amount of EUR 100,000. The Chairman has been
paid an amount of EUR 250,000. In addition, the Chairman of the
Audit and Compliance Committee (see “Audit and Compliance
Committee”) has been paid an amount of EUR 60,000 and
members of that Committee have been paid an amount of EUR
40,000. The Chairman of the Nomination and Remuneration
committee (see “Nomination and Remuneration Committee”)
has been paid an amount of EUR 40,000 and members of that
Committee have been paid an amount of EUR 25,000. Pursuant
to the Corporate Governance Charter of RHJI, the Chairman of
the Investment and Strategy Committee (see “Investment and
Strategy Committee”) is paid an annual retainer of EUR 60,000
and members of such Committee are paid an annual retainer of
EUR 40,000.
No benefits were granted to directors for their services as
directors.
Directors who are (Leonhard Fischer) or were (Timothy C.
Collins) members of RHJI’s executive management do not
receive any compensation for their services as directors or
members of any Board Committees.
He is also a member of the Hoegh Capital Partners Hedge Fund
Advisory Committee, the Advisory Board of Partners Capital
Investment Group, the Investment Committee of Brasenose
College Oxford and serves as an Advisory Director of Reform,
the London based public policy think tank. From 1994 to 2004 he
was a member of the International Capital Markets Committee
of the New York Stock Exchange.
Mr. Sillem has a M.A. in Philosophy, Politics and Economics
from Oxford University.
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