Mutual Fund Governance
As a member of the Investment Funds Institute of Canada and
the Canadian Coalition for Good Governance, RBC Asset Management
Inc. helps develop and strives to follow best practices in
the mutual fund industry.
Building on a tradition of independent fund governance, RBC
Asset Management Inc. and the Board of Governors of the RBC
Funds and RBC Private Pools have been active participants
in the Canadian Securities Administrators' development of
a proposed rule that all mutual funds and investment funds
have an independent review committee (IRC). The intent of
the rule is to establish better fund governance practices
and to require IRCs to review conflicts of interest that may
arise as fund managers manage funds on behalf of investors.
This is not new for RBC Asset Management. In 1994, it was
one of the first firms to voluntarily establish an advisory
Board of Governors to review conflicts of interest and provide
advice.
RBC Asset Management's publication, Mutual
Funds and Governance: Taking Care of Your Investments,
developed for clients and other stakeholders, highlights our
commitment to fund governance and protecting the interests
of investors.
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