Vigil mechanism: require whistleblower policy, safeguards and audit committee access for reporting and review. The investment manager must establish a vigil mechanism, including a whistle blower policy for directors and employees to report genuine concerns, with safeguards against victimisation and provision for direct access to the audit committee chair in appropriate cases; an independent service provider may be engaged to operate the mechanism and shall report to the audit committee, which shall review its functioning.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Vigil mechanism: require whistleblower policy, safeguards and audit committee access for reporting and review.
The investment manager must establish a vigil mechanism, including a whistle blower policy for directors and employees to report genuine concerns, with safeguards against victimisation and provision for direct access to the audit committee chair in appropriate cases; an independent service provider may be engaged to operate the mechanism and shall report to the audit committee, which shall review its functioning.
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