For many years, AREF's Code of Practice has been widely recognised as the gold standard in corporate governance. As such, it is imperative that we continue to ensure it remains fit for purpose.
To that end, our Corporate Governance Committee is currently undertaking a root-and-branch review of the Code. The aim is to broaden its relevance, streamline its content and alleviate administrative burden for our Fund Members. Therefore, for 2024, Fund Members will not be expected to undertake the annual self-certification process.
The revised Code is anticipated to be published in January 2025.
Disclaimer:
Neither AREF or its group shall have any liability for any losses, including but not limited to damages, pure economic losses, fines, penalties, costs, claims, liabilities, loss of income, charges, demands, obligations, information, opportunity, goodwill or reputation, and/or expenses of any kind (including professional advisors’ costs, legal costs and disbursements) of whatever nature howsoever caused, suffered or made against a defaulting member arising out of or in any way related to as a result of investigation into the member fund’s compliance to the code, and/or any action taken against the member fund (including but not limited to private or public letters of censure or suspension from membership) as a result thereof.