Sovereign wealth funds have become some of the largest and most visible investors in international capital markets. Due to public concerns about their virtually unchecked power, a global code of practice (referred to as Santiago Principles or Generally Accepted Principles and Practices - GAPP) was instituted to improve their governance.
A new study takes a look behind the scenes to reveal the processes and actors that drove the creation of this new governance regime, which intends to make sovereign funds more accountable...............................................Full Article: Source |