The Supervisory Board conducts a permanent supervision of the management of the Fund and provides strategic advice to the Management Board on the overall development of the Fund's activities.
The Supervisory Board is appointed by the General Meeting of Shareholders among the candidates proposed by the Shareholders. The Supervisory Board consists of the following members:
The Management Board has the power to administer and manage the Fund, to determine its investment objective, investment policy and investment guidelines as well as investment restrictions and the course of conduct of management and business affairs of the Fund, in compliance with European Energy Efficiency Fund’s (eeef) founding documents and applicable laws and regulations.
The Management Board is also responsible for notifying the shareholders and noteholders of the Fund’s business development. The Directors are elected by the shareholders, subject to the approval by the CSSF. The Management Board consists of the following members: