Investment and Risk Management
procedures which guide our employees in their actions and behaviour.” See the Khazanah Nasional Berhad Santiago Principles Self-Assessment 2019 (https://www.ifswf.org /assessment/khazanah-nasional-berhad-2019); see also the organization’s “Who We Are” web page (https://www.khazanah.com.my/who-we-are/corporategovernance). 54. See the ISIF Santiago Principles Self-Assessment 2019 (https://www.ifswf.org/assessment /ireland-strategic-investment-fund). 55. See the NSIA Santiago Principles Self-Assessment 2019 (https://www.ifswf.org /assessment/nsia-self-assessment-2019). 56. See discussion on SWFs and internal audit and compliance in Hammer, Kunzel, and Petrova (2008). 57. Such as not providing guarantees to any infrastructure project, other than wholly owned subsidiaries or affiliates of NSIA (see the case study in appendix A).
REFERENCES ADB (Asian Development Bank). 2012. “Proposed Equity Investment: Philippine Investment Climate Public-Private Partnership Fund.” Report and Recommendation of the President to the Board of Directors, Project No. 45918, ADB, Manila. https://www.adb.org/sites/default /files/project-document/60119/45918-01-reg-rrp.pdf. Al-Hassan, Abdullah, Michael Papaioannou, Martin Skancke, and Cheng Chih Sung. 2013. “Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management.” IMF Working Paper 13/231, International Monetary Fund, Washington, DC. https://www .imf.org/en/Publications/ WP/Issues/2016/12/31/Sovereign-Wealth - Funds -Aspects-of-Governance-Structures-and-Investment-Management-41046. Alsweilem, Khalid, and Malan Rietveld. 2017. Sovereign Wealth Funds in Resource Economies: Institutional and Fiscal Foundations. New York: Columbia University Press. Chhaochharia, Vidhi, and Luc Laeven. 2008. “The Investment Allocation of Sovereign Wealth Funds.” https://www.researchgate.net/publication/228206712_The_Investment _Allocation_of_Sovereign_Wealth_Funds. Della Croce, Raffaele. 2011. “Pension Funds Investment in Infrastructure: Policy Actions.” OECD Working Paper on Finance, Insurance and Private Pensions 13. Organisation for Economic Co-operation and Development, Paris. European Union. 2011. “Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41 /EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010.” Official Journal of the European Union L 174, 1.7.2001. https://eur-lex.europa.eu/legal-content/EN /TXT/PDF/?uri=CELEX:32011L0061&from=EN. Gompers, Paul, Steven N. Kaplan, and Vladimir Mukharlyamov. 2015. “What Do Private Equity Firms Say They Do?” Working Paper 15-081, Harvard Business School, Boston. https://www .hbs.edu/faculty/Publication%20Files/15-081_9baffe73-8ec2-404f-9d62-ee0d825ca5b5.pdf. Greenberger, James J. 2001. “Minority Investor Rights in Private Equity Transactions.” Journal of Private Equity 4 (2): 47–53. Halland, Håvard, Michel Noël, Silvana Tordo, and Jacob J. Kloper-Owens. 2016. “Strategic Investment Funds: Opportunities and Challenges.” Policy Research Working Paper 7851, World Bank, Washington, DC. https://openknowledge.worldbank.org/ bitstream /handle/10986/25168/WPS7851.pdf?sequence=5&isAllowed=y. Hammer, Cornelia, Peter Kunzel, and Iva Petrova. 2008. “Sovereign Wealth Funds: Current Institutional and Operational Practices.” IMF Working Paper 08/254, International Monetary Fund, Washington, DC. https://www.imf.org/external/pubs/ft/wp/2008 /wp08254.pdf. Hewitt, Christopher J. 2021. “A Shareholders Agreement Primer: The Corporate Pre-Nuptial Agreement.” VC-List, June 13, 2021. http://vc-list.com/shareholders-agreement-primer/. IFSWF (International Forum of Sovereign Wealth Funds). 2019. “Santiago Principles SelfAssessment: Ireland Strategic Investment Fund.” IFSWF. https://www.ifswf.org/assessment /ireland-strategic-investment-fund.
|
141
