The Company has entered into a management services agreement with Macquarie Infrastructure Management (USA) Inc. (the “Manager”), which defines the Manager's duties and responsibilities.
Subject to the oversight and supervision of the Company's board of directors, the Manager directs the day-to-day business and affairs of the Company and its subsidiaries and investments.
The Manager seconds to MIC, on a permanent and wholly dedicated basis, the Company's Chief Executive Officer and Chief Financial Officer.
Among the duties performed by the Manager are:
- The carrying out of all of the Company's day-to-day management, secretarial, accounting, administrative, liaison, representative, regulatory and reporting functions and obligations and those of its managed subsidiaries and investments;
- The establishment and maintenance of the company's and managed subsidiaries books and records consistent with industry standards and in compliance with the rules and regulations promulgated under the Securities Act, the Exchange Act and with GAAP; and
- The identification, evaluation and recommendation, through the Company's officers, of acquisitions or investment opportunities and, if the Company's board of directors approves any acquisition or investment, the negotiation and management of such acquisitions or investments as a part of the Company's business under the management services agreement, on behalf of the Company and any relevant managed subsidiary.