Code of Conduct
The “Ethics and Corporate Governance” working group of SECA aims to provide an up-to-date Code of Conduct for the Private Equity business in Switzerland. The Code of Conduct was approved by the General Meeting 2006 and is available here.
The development of the Code of Conduct took place in coordination with the guidelines of EVCA. However, certain topics were treated in more detail. The main topics of the new Code of Conduct are the following:
- Fundraising and Legal Documentation
- Investment Process
- Information and Reporting
- Evaluation of Portfolio Companies
- Conflict of Interest
- Independence
- Co-Investments of the Fund Manager
- Composition of the Fund Management Team
- Compensation of the Fund Manager
The working group will continue to exist after completion of the Code of Conduct. After constitution, the first major task of the working group was the development of the Code of Conduct. In the future the working group plans to focus on Corporate Governance topics on a regularly basis and will present the findings to SECA members in suitable form.
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