New Provisions for Corporate Governance of Fund Management Companies

October 02, 2006 | BY

clpstaff &clp articles

Under the new guidelines, will the interests of fund unitholders be protected? What are the responsibilities of directors and shareholders under these new guidelines?

In an effort to improve corporate governance in the funds management industry, the China Securities Regulatory Commission issued new guidelines to assess whether fund management companies meet the required benchmarks for sound corporate governance. Will the interests of fund unitholders be protected? What are the responsibilities of directors and shareholders under these new guidelines?

By Christophe Han, Charles Qin and Andrew Fu, Llinks Law Offices, Shanghai

The laws and regulations that have been promulgated since 2003 to regulate securities investment funds and the activities of fund management companies (FMCs) include the following:

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