Corporate governance manual mfsa

 · chapter 2 financial product governance introduction application part a: general rules applying to all regulated persons when acting as manufacturers and/or distributors unless otherwise indicated obligations for distributors distributing products by third country manufacturers p(i), ()() ‘r’ /. corporate governance guidelines can make a difference in the way companies are managed and perceived, both domestically and within the international scenario. 4 GUIDELINE 1: THE BOARD A company should be headed by an effective board, which should lead and control the company. The MFSA Issues the Corporate Governance Manual for Directors of Funds - Malta. Spurred by the belief that the role of directors is vital for the proper operation of an investment fund and aware of claims that directors of such entities failed to properly react to the global financial crisis, the MFSA has recently issued the Corporate.

The MFSA's Chief Officer, Strategy, Policy and Innovation, Dr Michael Xuereb commented that "The adoption of the highest standards of corporate governance within the financial services market is key to ensuring the stability and integrity of the financial market, to enhancing public confidence, whilst fostering trust between authorised entities. The company said the establishment of a specific corporate governance manual for the funds industry will raise the overall standards among directors of Malta-registered funds. The Malta Financial Services Authority ("MFSA") considers the role of directors to be vital to the proper operation of an investment fund and accordingly issues this Corporate Governance Manual for Investment Funds (the "Manual"). Why is corporate governance important? Corporate governance is a tool that assures investors in a.

framework to support good governance within the Maltese financial sector. In an increasingly globalized world economy where competition is intense, the adoption of good corporate governance guidelines can make a difference in the way companies are managed and perceived, both domestically and within the international scenario. Furthermore, the MFSA issued a Corporate Governance Manual for Directors of Investment Companies and Collective Investment Schemes (‘Corporate Governance Manual’), the purpose of which is to provide general guidance to a director of an investment company or a collective investment scheme on how to implement good corporate governance practice. The MFSA has published an updated Corporate Governance Manual for Directors of Investment Companies and Collective Investment Schemes. This revised Manual is updated with the requirements of the Alternative Investment Fund Managers Directive (/61/EU).