Individual AMP executives are making ready for the opportunity of going through legal charges over the billion-dollar ‘fees for no service’ scandal, the company’s lawyer mentioned this morning. Businesses which have gone public are subject to regulations regarding their inside governance, comparable to how govt officers’ compensation is decided, and when and how info is disclosed to shareholders and to the general public. Within the United States, these laws are primarily carried out and enforced by the United States Securities and Exchange Commission (SEC). Different western nations have comparable regulatory bodies. The rules are applied and enforced by the China Securities Regulation Fee (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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