News

Singapore launches directors’ code of conduct

Singapore code of conductA lobby group representing fund directors in Singapore has unveiled a code of conduct to promote “professionalism, oversight and governance of funds”. The Singapore Fund Director’s Association (SFDA) has developed the code in partnership with the Singapore Funds Industry Group (SFIG) and the financial regulator, the Monetary Authority of Singapore. The Code of Conduct for Fund Directors contains ten principles to help directors fulfil their fiduciary duties. It will also serve as the framework for the SFDA’s certification and training programme. “The launch of the Code of Conduct is the first step in fostering long-term success through advocacy and standards-setting in corporate governance, as well as professional development for fund directors in Singapore,” said Martin O’Regan, co-chair of the competency and training work group under SFIG and chair of the SFDA. © 2022 funds global asia

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