Article by Valerie Rouse
Originally published in HFM Week, Guernsey Special Report, May 2012
Valerie Rouse and Anthony Williams of Mourant
Ozannes discuss the introduction of the new corporate
governance code and what lessons, if any, the Guernsey investment
funds industry can take from the recent Cayman case of
Weavering.
In the world of offshore funds, corporate governance is
dominating the headlines as the investment funds industry continues
to learn from the hard lessons of the 2008/2009 global financial
crisis. With onshore regulators scrutinising their island
neighbours ever more closely, offshore regulators are under
pressure to ensure that internationally acceptable standards of
corporate governance are enshrined in local law, while at the same
time balancing the competing market demand for flexibility.
