Particular person AMP executives are preparing for the possibility of facing felony expenses over the billion-greenback ‘charges for no service’ scandal, the company’s lawyer stated this morning. Businesses that have gone public are topic to laws concerning their inside governance, corresponding to how govt officers’ compensation is set, and when and the way data is disclosed to shareholders and to the public. Within the United States, these rules are primarily applied and enforced by the United States Securities and Alternate Commission (SEC). Other western nations have comparable regulatory bodies. The regulations are applied and enforced by the China Securities Regulation Commission (CSRC) in China. In Singapore, the regulatory authority is the Monetary Authority of Singapore (MAS), and in Hong Kong, it is the Securities and Futures Commission (SFC).
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