Boardroom Flash Vol. 2/2017 SEC launches Investment Governance Code (I Code)
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CG News Update
New Audit Quality Milestone for ASEAN
Kuala Lumpur, 22 February 2017 – Four ASEAN audit regulators and Big-Four audit firms in the region have collectively agreed on a measurable goal to improve audit quality. This initiative was announced at the ASEAN Audit Regulators Group (AARG)’s 5th annual Audit Inspection Workshop held in Kuala Lumpur from 21 to 22 February 2017. The Workshop also saw AARG embark for the first time, on a long term collaboration with World Bank to further strengthen audit oversight practices in the region. (More details please download)
SEC launches Investment Governance Code (I Code)
Bangkok, 23 February 2017 – The SEC has launched the Investment Governance Code (I Code) as a guideline for responsible and sustainable investment management of institutional investors. The seven core principles take into account environmental, social and governance (ESG) factors in the business practices of investee companies, offering institutional investors a balanced focus apart from seeking maximum returns and managing investment risks. The I Code aims to build institutional investors’ long-term credibility, and protect the best interest of asset owners and the capital market at large. (More details please download)
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