Compliance with the law - The investment vehicle and its manager should always comply with the relevant legislation and regulations applicable in the jurisdiction in which it is established.
Compliance with constitutional terms - The vehicle's constitutional terms should clearly articulate the key corporate governance principles which should always be applied.
Skill, care, diligence and integrity - Investors, investor representatives, non-executive officers and managers should manage the protection of investors’ interests and their investments, with due skill, care, diligence and integrity, and should ensure adequate levels of human, financial and operational resources.
Accountability - Managers, non-executive officers, investor representatives and investors, and those they have delegated to, should always be accountable for their actions.
Transparency - All relevant information relating to the vehicle should be communicated in a way which is clear, fair, complete, timely and not misleading.
Acting in investors’ interests, including alignment of interests and conflicts of interest - Vehicles should be run in the interests of all investors. Where they arise, conflicts of interest should be managed fairly between investors, vehicles and managers; the alignment of interests between investors and managers can reduce the risk of such conflicts.
Confidentiality - Information regarding vehicles and investors’ interests in vehicles which is not publicly available should always be treated confidentially.