This month we will be unveiling AREF's updated Code of Practice, now known as The Charter. For many years, AREF's Code of Practice has been widely recognised as the gold standard in corporate governance. As we continue to uphold this standard, our Corporate Governance Committee has undertaken a comprehensive review to ensure the Charter remains relevant, streamlined, and less administratively burdensome for our Fund Members.
What's New?
The Charter is a simplified version of our previous Code, consisting of a straightforward list of 10 Principles. This new approach aims to make compliance easier and more efficient for our members.
Simplified Self-Certification Process
One of the most significant changes is the new self-certification process. Fund Members will now only need to log-in, tick a single box to confirm their compliance, and submit. This streamlined process is designed to save time and reduce complexity, while still maintaining the high standards we are known for.
Annual Review
Although the self-certification process has been simplified, we will continue to conduct a yearly review of a selection of funds to ensure ongoing compliance and uphold the integrity of The Charter.
Quality Mark
Funds that complete their self-certification and make this commitment can still receive our Quality Mark. This mark is awarded annually and signifies that a fund meets the highest standards of governance and transparency. It helps investors and their advisers to discern which funds have signed up and make better-informed investment decisions.
We believe these changes will make it easier for our members to adhere to the principles of good governance, while also ensuring that our Code remains a robust and effective tool for the industry.
Stay tuned for more updates as we roll out The Charter and its new processes. Thank you for your continued commitment to excellence in corporate governance.
Timing
We will be launching the new Charter the week commencing 20th January so look out for the communications.
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