Investment Fund Governance: Developing a Risk-Based Oversight Framework
The launch of the white paper
6 April 2016 Deloitte and the Certified Investment Fund Director (CIFD) Institute launched their White Paper presenting a framework on investment fund governance. The Risk-based Oversight Framework provides a practical methodology that takes account of the unique characteristics of an investment fund, and puts investor protection at its core.
The Risk-Based Oversight Framework
The CIFD Institute and Deloitte are pleased to offer a Risk-Based Oversight Framework that can be implemented by investment fund boards and entities charged with governing investment funds. While the paper does not promote this model as the only appropriate governance model, nor does is it designed to address specific regulatory requirements that may apply to a fund, it does provide a practical methodology that takes account of the unique characteristics of an investment fund and puts investor protection centre-place.
The Risk-Based Oversight Framework outlines a five step process:
- Step 1: Understanding the fund DNA
- Step 2: Risk profiling the fund
- Step 3: Establishing a governance framework
- Step 4: Implement and report
- Step 5: Reflect, review and revise
The April launch
Our April 6 event was attended by non-executive directors and asset managers alike, showing that there is an appetite for change in the area of risk and investment fund governance.
Michael Hartwell, Partner, Head of Investment Management, Deloitte
Margaret Cullen, CEO, CIFD Institute
Sean Smith, Partner, Risk Advisory, Deloitte
Frank Ennis, Chairman, Advisory Committee, CIFD Institute