should disclose all known potential conflicts of interest to their principal and explain how these are dealt with so as to protect their beneficiaries’ or clients’ interests. The responsibility for
with talents. However, some audit firms dealt with this problem by hiring a great number of temporary or outsourced staff whose roles and responsibilities were the same as their permanent counterparts
as to ensure that such complaint is handled within an appropriate period and following the procedures and means as determined in sub-clause (2); Clause 3 A derivatives broker shall proceed with a
independence may have become compromised. 2.6 Independent meetings The chair should regularly hold meetings with the non-executive directors without executive directors present. In addition, the non-executive
planning to ensure sufficient workforce that could cope with the expected workload of the firms. However, some audit firms dealt with this problem by seeking to draw in high-potential individuals, especially
management have handled the situation prudently and carefully. We have been focusing mainly on the financial health of the company including managing fixed and variable cost as well as liquidity management
. Since asset owners are the primary audience of asset managers’ public statements as well as client reports on stewardship, asset owners should seek Financial Reporting Council 3 to hold their managers to
conflicting objectives, for example where the same institution is charged with attracting business and sanctioning violations, should be avoided or managed through clear governance provisions. Overlapping and
matter. Section 13.2 The fund shall be managed by a person who is not the employer and is licensed to operate securities business in the category of private fund management under the law governing