The institutional arrangements for the governance of investment funds

Author: Yang Xiaojun
Publisher:
Publish Date: 2003-12-01
Features: This book takes the agency problems of fund management companies as the starting point of its research, focusing on the protection of fund holders' rights as its core. It combines the management experience of developed countries in the fund industry to conduct a systematic study of the institutional arrangements for fund management governance. The content of the book is organized as follows:
Introduction: This chapter presents the motivation for this research and introduces the research methods and overall research approach.
Chapter 1: Framework Analysis of Fund Management Governance: This chapter clarifies the theoretical foundation of the entire work.
Chapter 2: Information Disclosure System of Fund Management Companies: This chapter explores the objectives of fund information disclosure and the factors determining the disclosure of all content, analyzing the adaptability and improvement suggestions of these factors in the Chinese context.
Chapter 3: Research on the Independent Director System of Fund Management Companies: This chapter first analyzes the effectiveness of the independent director system in fund governance.
Chapter 4: Research on the Fiduciary Duties of Fund Management Companies: The board of directors, fund managers, investment advisors, or other management personnel of fund management companies owe fiduciary duties to fund holders.
Chapter 5: Research on the Content Control System of Fund Management Companies: This chapter summarizes and summarizes the structure, design, and evaluation theory of the content control system, then applies it to the organizational framework of fund management companies, proposing the connotation and principles of internal control of fund management companies under the five major elements of control environment, risk assessment, control activities, information and communication, and supervision.