Individual AMP executives are getting ready for the opportunity of dealing with legal charges over the billion-dollar ‘fees for no service’ scandal, the company’s lawyer stated this morning. Companies that have gone public are topic to laws concerning their inside governance, reminiscent of how government officers’ compensation is decided, and when and how data is disclosed to shareholders and to the public. Within the United States, these laws are primarily implemented and enforced by the United States Securities and Alternate Fee (SEC). Different western nations have comparable regulatory our bodies. The rules are applied and enforced by the China Securities Regulation Fee (CSRC) in China. In Singapore, the regulatory authority is the Monetary Authority of Singapore (MAS), and in Hong Kong, it is the Securities and Futures Commission (SFC).
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