المادة 62: Exercise of Rights in Respect of Public Fund Assets

Article 62: Exercise of Rights in Respect of Public Fund Assets

a. The fund manager must exercise or not exercise any rights associated with any assets of any public fund a fund manager must act in accordance with the best interests of the unitholders of the relevant public fund.

b. With respect to voting rights (if any) associated with any assets of any public fund which the manager manages, the fund manager must:

1) develop a policy regarding such voting rights which shall be approved by written the fund board; and

2) exercise or not exercise voting rights in accordance with the written policy approved by the fund board and maintain full records documenting the exercise of voting rights (including the reasons for exercising or not exercising voting rights in a particular way).

c. The fund manager must disclose on its website and the Exchange’s website or any other website available to the public according to the controls set out by the Authority (where applicable) its policies regarding voting rights, in relation to each fund the fund manager manages.