Individual AMP executives are preparing for the opportunity of going through prison costs over the billion-dollar ‘fees for no service’ scandal, the corporate’s lawyer stated this morning. Companies which have gone public are subject to rules concerning their internal governance, similar to how govt officers’ compensation is set, and when and how info is disclosed to shareholders and to the public. In the United States, these rules are primarily implemented and enforced by the United States Securities and Change Commission (SEC). Other western nations have comparable regulatory bodies. The regulations are applied and enforced by the China Securities Regulation Fee (CSRC) in China. In Singapore, the regulatory authority is the Financial Authority of Singapore (MAS), and in Hong Kong, it is the Securities and Futures Commission (SFC).
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