CFA Institute launches investment code for charities

[SINGAPORE] The CFA Institute recently launched in Singapore a Code of Conduct for charities to guide them in their investment activities. The Code is geared towards the investment committees of not-for-profit organisations, to clarify their roles and responsibilities and set out a framework for managing investments responsibly, ethically and effectively.

The Code - a voluntary effort led by CFA Society Singapore - was launched by Charles Yang, chair of the CFA Institute's Board of Governors, at a seminar held here for charities on Friday.

The institute - a separate entity from the Society, which brings together practitioners in the investment and fund management industry - is a global, non-profit organisation of investment professionals that champions professional excellence.