Governance obligations require board disclosures and officer certification ensuring true and fair financial reporting and internal controls. Governance obligations require the investment manager to present specified operational, financial and material-event information to the Board, including budgets, quarterly results, audit committee minutes, senior officer appointments and remunerations, material notices or prosecutions, serious accidents or pollution incidents, material defaults, joint venture agreements, major HR developments, non-routine asset sales, foreign exchange exposures and regulatory non compliance, together with reports from risk identification exercises. A Compliance Certificate from the CEO, CFO and Compliance Officer must confirm reviewed financial statements present a true and fair view, that no fraudulent or illegal transactions occurred, responsibility for internal controls over financial reporting, disclosure of deficiencies and steps to remediate them, and disclosure of significant control or policy changes and significant fraud instances.
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.
Governance obligations require board disclosures and officer certification ensuring true and fair financial reporting and internal controls.
Governance obligations require the investment manager to present specified operational, financial and material-event information to the Board, including budgets, quarterly results, audit committee minutes, senior officer appointments and remunerations, material notices or prosecutions, serious accidents or pollution incidents, material defaults, joint venture agreements, major HR developments, non-routine asset sales, foreign exchange exposures and regulatory non compliance, together with reports from risk identification exercises. A Compliance Certificate from the CEO, CFO and Compliance Officer must confirm reviewed financial statements present a true and fair view, that no fraudulent or illegal transactions occurred, responsibility for internal controls over financial reporting, disclosure of deficiencies and steps to remediate them, and disclosure of significant control or policy changes and significant fraud instances.
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