11.05.2011 - SOFAZ starts annual self assessment on GAPP
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has carried out the first self assessment on the Generally Accepted Principles & Practices (GAPP). The SOFAZ reports that it was closely involved in identifying and drafting GAPP, as a member of the International Forum of Sovereign Wealth Funds (IFSWF). The GAPP purpose 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
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