16.10.2008 - Deloitte welcomes principles for SWFs
From Finchannel.com: Deloitte Touche Tohmatsu commended the International Working Group (IWG) of Sovereign Wealth Funds on this weekend’s release in Washington of a set of Generally Accepted Principles and Practices for Sovereign Wealth Funds (SWFs), also known as the "Santiago Principles," after the city in Chile where agreement on the text was reached. According to Deloitte, the announced objective of the Principles is to "identify a framework of generally accepted principles and practices that properly reflect appropriate governance and accountability arrangements as well as the conduct of investment practices by SWFs on a prudent and sound basis." .... Full Article: Source