The Board of Directors of Medley Capital Corporation sets high standards for the Medley Capital Corporation's executive officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Medley Capital Corporation's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in the below listed documents. These documents are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Medley Capital Corporation or as required by applicable laws and regulations.
The independent directors of the Company will meet at regularly scheduled executive sessions without management. The chairperson of the Nominating and Corporate Governance Committee will preside at the executive sessions.