The characteristics of good corporate governance which boards of funds and companies should aim to demonstrate include the following:

Accountability - Acknowledge and assumption of responsibility for actions, decisions and policies 

Discipline - Commitment to accepted standards of correct and proper behaviour

Transparency - Enabling stakeholders to easily review their actions and performance

Independence - Avoiding conflicts of interest in the best interest of the organisation

Fiduciary Responsibility - Acting in the best interest of all stakeholders

The composition of boards and the main skills they require in order to perform their governance roles include: 

Strategic thinking skills

Analytical skills

Good communication skills 

Knowledge & Experience of the industry or sector 

Ability to Balance the interests of all stakeholders 

Diversity of experience among members 

In the current financial regulatory environment all regulated financial services companies and funds need to aspire the highest level of “Corporate Governance”.

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