08.05.2014 - SWFs have progressed on the road from Santiago but governance is still an issue
When, in 2008, sovereign wealth funds met in Santiago de Chile, theycame together to adopt the Santiago Principles, covering issues of importance for SWFs including the setting of clear objectives, better coordination with macroeconomic policies, good corporate governance and transparent investment and risk management frameworks. The name was given not just because the principles were finally agreed in Santiago de Chile, or because of the commitment to transparency and accountability of all SWF activities in the country. The name is also appropriate in that it recalls the pilgrimsí path to Santiago. It seemed that SWFs had taken that path before the global crisis of 2008-09...............................................Full Article: Source
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