Dubai-based venture capital (VC) firm Global Millennial Capital is to appoint an advisory board to bring it in line with international corporate governance standards.
The move coincides with the launch of a new technology fund, the Millennial Consumer Fund, which is targeting investments in “consumer-related innovations and technological disruptions”.
The move is designed to bring the firm in line with international corporate governance standards.
The advisory board comprises 12 senior executives working in the firm’s target investment sectors, including Olivier Honsberger, chief executive of Mirabuad Bank Middle East; Scott Alexander Mills, a portfolio manager with IFC Asset Management; and Said Mia, founder of tech-focused VC firm Stormbreaker Ventures.
Among the responsibilities for the new board are working with the investment team to help shape its investment strategy, enhancing its corporate governance, advising on conflicts of interest and evaluating the valuation methodologies and compliance processes of the firm.
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