. They should make clear which, if any, public or regulatory authorities have responsibility to monitor and enforce their fiduciary functioning. The way in which individuals are appointed to serve on the
, reduce the cost of capital, underpin the good functioning of financial markets, and ultimately induce more stable sources of financing. There is no single model of good corporate governance. However, some
acts as the oversight body, is overseen by an independent body. Such an auditor oversight body must operate in the public interest, and have an appropriate membership, an adequate charter of
DODD-FRANK ACT • Financial crisis revealed behemoth players in financial industry were not overseen by any regulatory authority • Dodd-Frank mandated additional SEC oversight on PE and HF firms JUNE 22
the part relating to his or her responsibility, incorrect and incomplete information and functioning of the computer system, failure to achieve information or utilise computer system consistently or in
functioning of internal control as intended. Questions Yes No 13.1 The company specifies information required for business operations. The information should be from both internal and external sources, which
functioning of the financial markets. (i) “Enforcement Purpose(s)” means a purpose referred to in Paragraph 10(a) of the IOSCO MMoU. (j) “Hong Kong” means the Hong Kong Special Administrative Region of the
knowledge and understanding of the general law governing professional practices. Directors, managers and persons with power of management who are responsible for the work unit relating to the functioning as
knowledge and understanding of the general law governing professional practices. Directors, managers and persons with power of management who are responsible for the work unit relating to the functioning as
implemented to maintain the integrity of information and security data and to support the effective functioning of application controls. (ISA315) • Application controls are manual or automated procedures that