OLD WESTBURY FUNDS, INC.
Old Westbury Global Opportunities Fund
Consent of Sole Shareholder
The undersigned, being the holder of all of the
outstanding shares of common stock of Old Westbury Global
Opportunities Fund (the "Fund"), a series of Old Westbury Funds,
Inc. (the "Corporation"), hereby consents to and agrees that the
following resolutions be, and they hereby are, adopted as the
actions of the sole shareholder of the Fund:
Amended and Restated Investment Advisory Agreement
RESOLVED, that the Amended and Restated Investment
Advisory Agreement between Bessemer Investment Management,
LLC ("BIM") and the Corporation, on behalf of the Fund, be,
and it hereby is, approved in the form previously approved
by the Corporation's Board of Directors.
Manager of Managers Authority
RESOLVED, that the authorization for BIM, subject to
Board approval, to hire, terminate and replace investment
sub-advisers and to modify investment sub-advisory
agreements for the Fund without shareholder approval be, and
it hereby is, approved.
Selection of Independent Registered Public Accounting Firm
RESOLVED, that the selection of Ernst & Young, LLP as
independent registered public accounting firm for the Fund
be, and it hereby is, approved.
The undersigned has executed this Consent of Sole Shareholder as
of this 9th day of November, 2007.
BESSEMER INVESTMENT MANAGEMENT, LLC
By: /s/ Xxxx X. Xxxxx____
Name: Xxxx X. Xxxxx
Title: President
