Regulatory Alerts2005-01-31
Added
Guidelines on Investment and Voting Policies
The Monetary Authority of Singapore issued these guidelines to define the factors considered when determining if a bank's control over a company is exercised primarily for the beneficiary's benefit. Banks and their affiliated entities must establish explicit investment and voting policies that prioritize investor interests, manage conflicts of interest, and adhere to specific fiduciary duties. These policies require regular board oversight and apply to discretionary investment management and voting functions, excluding non-discretionary arrangements or cases where voting is strictly on beneficiary instructions.
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