{"id":17588,"date":"2026-10-13T22:04:11","date_gmt":"2026-10-14T02:04:11","guid":{"rendered":"https:\/\/globalriskforum.com\/capital\/?page_id=17588"},"modified":"2026-10-13T22:04:11","modified_gmt":"2026-10-14T02:04:11","slug":"investment-governance","status":"publish","type":"page","link":"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/","title":{"rendered":"Investment governance"},"content":{"rendered":"\n<!-- Nexus network page \u00b7 https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/ \u00b7 source authored \u00b7 generated by integrations\/wordpress\/network\/build.mjs, never edit this file --><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-fig-engine\" data-nx-run=\"fig\">tX1\/d9s2suhXcXH2XhMhSEuO620p0zq2k2x6aztZ22m7q+r5UCQkcUWRMglKVmXdz\/7ODEASlCjZ7Xkvf8QiAAKDwWB+AzSGeeyLMIkNugqHxiKMg2RhPz7Gz5\/CEV2lXORpvC4aHcwMURQe3Is0jEeGcF13noTBQevlBX7HeRR1CXEEtVM+izyfG0f\/fTRi5L+96axDtNLeWR\/LI1ErPsfCUb2QYOFTnkBxBc9PhmAeXc299CB2b\/PpgKeGoJ1waHwXZp\/COBTciGkBMvk9P26135M1tOeuV0LePXa8jkiXxdRiWyTXie9FXE2S8Nj6dk\/YahrG4TSffko9BOBDOApF5nA29Z6bytd07XvCHxsp1fv+FD7zwOB0Xc1ECEAtAOa5N54Y294gU1Pxzt02\/7Hs4CdDHLX5jwyL261uy2lTk1ySddH0dKPpqWz6d9Xypmp5stHyPWtRk0zKBq2W3oC1aFlRK2+X5bXiY1nsum7ZnLTIWmvxXlvKX+RShkNDLGc8GR7Ai6SoJmXPniHKfkkYC9IEItT5yXTm+Vo9orisTmdaDSDjfVd24Kg1x1VIkzwODEHxPR2wGImtPrhH17Whyrn9CpUsZlyucOoa3IrpkeFZ4uWlTTtQmLvlVgwqYjGNwBL0Xbru5HYYz5vaCGgT0yNsE7g9wbx+J7dTtxczDr+ES6IwJh3VPq\/g+s8mXDjnKBkZgrK8evIoCwqYcystYc4qeCId5vJF\/DH1no2ItbnVPqbUSum7YN3J6rOp3sY3+PPMSE0jggEDCq2LeWXlvDKcVzIq55VV8+KicWIASJsJO+LxSIxhhkZsefQoZYHLK2ZgHzu8YXpQErrCDuOAP38ZGhEtRvbM\/F1o5u+Co2OAdbBw83dG2wpoJ7MzwWdu3snsCV9mrmgA9jcJqxyAu54lkH8Z\/LxVcq6e6K\/lRPiRNpX45eX7cqFmycJotxj+HkZJklbLkFL51vVtu0VhLdOjXM3QCM7d77vtlhOcu8fd7+FPu3vstOm7HMAIztr293SVuTmOH7m9PgvleD4PI0McZVabWz\/Sd1lnmKQGNPLdsOOfuZ6ZvWtz67Tjm25GV5E9y7Oxvqv8o4y+y8xWuWuiCikeskPEg9DwcNBeSxb5m9Figp1IMoxdr+epVbXa\/QLH8Znoxqbh9dp9y+u1+tTRJNlck2T6Tn\/XbtGjdqtq+FxfHnJGTFFONT0I4wPJtb4M\/sN9Yc\/SRCTAKOyxl31ZxF\/TZMZTsbR9L4oMj6VU9pS7Xi\/tA4rz7wrKw37gEWRo+TD0oozTFTddckDM1Dx0yaE5M3JqHpLDNfwr5luRMDfJ0TlxuEnOiRmb5Oz3I2IKeKom9q\/NPbIifuRlGXFI\/GwNJ1Y2HxE2D\/niMnl2SOugdYB9HBDTY4swEGNHsDEPR2PheCxNIu6QcDoibJj4eeYN4BlhJ2yW8oync36Rzbgv7jwRJg55vgmDf92EwcGUc0HWJU5zwCl\/eVmt345XznKgkV7ed3kv75coeTYIziJlscaO\/6ZrDYSUI3O31eFnBX\/ocNOkq9h0Dd4l18QhN4Sac0P0eB+IySSMFI\/tfknDXjc2yb+JTmqBJtq10WK31Ymr0WIYDQg+pivPdMmN7D2uDxbLwXiUcWx13dzKamM7c1e97KWEuYL1j4IoWMpyCXTgEsIyFiHgmdvqZGdxAXQGQEfu3PCMuJf1KeoroAWSAaGrwHSfDZA9nLAVCTzhWVPikFEaBoQ9t52IPR87EVu2ndQWbHnspPZgTTvyNcGfRe01EfoTwp7hBWhotk8YNrK82B8nKXHINAyCiJM1mxm\/IDyMU6qQ9RosqY3QpHYK8EQATfQ6LDjViHRTO7JO4WXzlC2dyHxvf78BXNGS8DggDsmEl4otSNdvwJ73HGYNEKf2oMQgdJNLVare2dY8Im\/AI5gI9oJofd\/aRCtADJDmdVzu7kzDStmxsNqtXSiRyKgPpO3g0cb8eUbWLND2cy40Zi5sgXQu7KDX6pc\/2\/2C+u1U3wt2iluh7Osf1V4tDJyXF0Konc2iUBiEEamTqx1w9n2l9+RRpKA2QNzg7JIR6f7H+ZUayjgBYURZ+XCsP7zXH076VINqobEQYS9eXr4\/bbHYFfb45eX4tMW4K+zpy0uv\/QNrn7L3J+zkpN9RXD1yeO99n6WOZ\/Feu8+Ew3utPhs4scV7x\/210j4NYT\/bog40FAEWmfzR7jMgutROpdwN4KXl9kvL4qVl8dKApbYodEZCWMTCjlQVcNTQn2QvL781jHdKWeLiIFWbze6VFjB0hT3w4iB7een1kVlFbqsTnQ0LZhUBs4KWA3fYi\/ps4gaVglp2O7CXoCMty8owNsqhBvayTeVwC3dgP7cqkQvEnhtQRtkT1LX1ulTWtZF4JudLuspwE6Xcr28imAFh8nmini1iDuyJKvSJM7B99TCcWBO+hJIJX7JnZ24sKFs6c2NJlYieV1NssSdrQWkhs+fGxFpSyS0GNm5e5BkTa3nefl8AuLXLASC10zUoIwUjgmD+oIAw2+8pbOiie7peo\/720RX2vGmtPm6t1cjNjY+9qI94HZcPbdrZgcD5JgbnA4uY+JaGQnz2EdwRlQyqCWFja6QjLLUHFhDyGpcR+1B4ex1ZOJR5qgYz28eAGK0Lul5npvuHQQaE5czHLTBkKf6VLcw\/DBIRFrAEaV9WLlUl0uTUFXbG05AjXtm1W0PudAu5F+4UNsJ90S50W53w7MKeiaxoGxZtL10s74WgSrCr6qmNWuzluVvsXqSiyzO32MR0dS91\/15uXFLWtOm2d9oVpRRUFKDO+4LZHtOVn8QijHMO5Re2l3KlyN2693YWhT43aOdWDXffu6+sAhgmtQd9vbqllcoVnHliXBc3Kfd0avIsYl7olHRh+yxw\/mbcMpHmHPbTjp6kJK96ipp6kg+Bl43hGf52CfRLHBAvqnoBdYuXF62oYAQXyAgC5wINz24gjHvq\/M24B5IFND2+ttSPEjnaWpvEAUDL1abra9lmZlxI4nt5ubAn1CQvxDQubP\/lhYTxhJQFCAkBuyKqCocVdyQA9lDWPNr\/ScLYIB1CKbKKG5BsXjrh6SavuNki56\/u3MiNG2QQtFjRuvYgu9KXYWoR82aDO+AzzMPzfcJE6sXZMEmnDsGfkSe4QcyvJmEtStas0tKe204LdLKW0mmtk1InMyVciK9uE6uYlnzi63lqp9bfW13r1DlV7OJ4Q3cq22zpkzcaS3FIgcY70BVmSRiLTTTebaHxAdF4p9DIvrhzI5CPyxKrfpj6UV0xDRKh43VmEfNuA693NbzWKVe25UvmPzsPzF86X1gqC9OXlxPJce80jguQfnMfEA\/tdquzgwODeZjkdciiCrRn51v3wfrBeTB\/YEvnyxmy5tPuF7P9g\/PF+mED69+20X1X4+Cgctt+mmRZZbg3kSE2IWwcBgGPHSL\/7iWlkpB2Cr5xKKQmH23IM8BQakeNcmzTUH6LD8BDH0Cs+veKbmPdB0C8NPQsSdKOsEUoIq4Y1rZ7QHgDdKo5Cneuwl0X2juk9SYHQkVO\/hjNCWHH3pS\/vNQY73BiPWfEyYWR06poKYsCreh5SBzl70VJDDpuhgYB6WLBVq3yCHcLswHKqVPn0VI4E+dasbn\/JXTNMk3Rv6gp+kka8lh857pkTlDdT5OFFO1cmgEnxy2l5mPd55eX42OWu8IeebOKwf7gYIHS2dFoMLyuIexpV9hTYPHw57jvHP9AzcK2f2ekZk6d4+NWobejiWF43d4p+\/6UHR+z9nGr7\/Tap6zdYu9b7KTVl00jMDoyaXRwK5NGRyaNjsDKSqMjrPyrn1Bp+GRnfJTJ+f\/TbZWuklCAtBJnsr6UVwI41j9NVxb3QtG35wVB\/7P48cmer0tbYxpqTrKWgwVoYEy9ZzZkA2AyiVv54xIFxBD+Vm6PIQycVE7lhIVG3BuCyZa4njASyXQn4O4BY1HOaOn+avgsYZEdsQhsKOQWYM9XzGJSqIBLJiqbB946oUzYQxYx+co1spz1LuCkhQIwsSc3soU5lOvJPrrLSv\/yGZg6IwBz1Mw+01IqRXZk\/YBq\/ZOZHh2bJ3SXn2BR8EOY4EJb0rHC5sBtdQZni9piDgqop66s6A1AgV0aY8ou4I85tedUgdlgNdVkOmj8C3tiEouYU10ATbcsp2lpOV1Lo+Wp0XK6sK4tYwNmq91tOy1aGQjpmnbGpju152vpKIH53JcID2NjYc9Zi561ugt77mwsw2UV91tCQ2p9\/JPzrea5QCmbnUizoxz+nn2k+2Z5WZuLlGZzL8o5UptGpjuoZb5lGM4VZADG0giNBaXSBqrISJLM\/IE\/V6Hk7i\/YFiieOqqS0vVor+RryW6t\/Oi4mB0vp2Pma9qZNIjiNFlsqiILpImyTIQzKBPhrKZyw\/RSOb01G1Ftya8KJbtpZ15J5Rm2pj2RfOLW5cK4KvgCE\/bMC\/RwFPDvmRdQ9lhykAGLbLGHg0SEPb6Ng0xecTNG0s0YSTfj3Hg00D1yXPxc084+JnQjmdBX99a4sSeU3SmeeKPxhYcaX7hp5gtf3JuSL3xzH40H84s9p+wD\/KSduzfvkxvFF77o++XLFl\/4UvKFr5Jcy030jX2g1e65tQcLTbPSNlO5mz9Y3ygwj5tG5rGmnQfT\/VLjGZ\/dx6qnG+QZlP1cFoZxUfjn5q0ZODX+oGb4+S2z+tn6DDCv7\/Y7xufGVxM6ga24dKLX3PU3usio8Ry6uvszvOZG8Rp9dCBUbQahcUMptb6ne+Fp4Ec3ih\/dlPzobi8\/mhtfLeMWzV8LEVogQ2h4hloN05E9sCLpYWpiVn4SbTKrG41ZARZ8iYU1u6uc6P8yOAvYhK32qOU71eeBl2ZkremoNzUdFVRS1E39JMpQL40WLy\/tdouBUiqSGXioUSf1Fy8vpycMNFB\/\/PLyvsUy91gpjKjNck35zM2MstBNTa8sCsyMmgYO9ACAd08cpZv64FNO2HAnJ\/Jfo1YOChKMaeZylVLrxz30gdy7sPpgUFAUk7MC1k5SuZpTM5Ggd\/zXVCyuFKyBGexVsLxeUo6+l\/lOANU8ioyEDSlEVNnSLWfKFu4EaEeuv4KuTm5jeHlLOm5IxkmjZBxbxEQ4JbeV4q5gQDlEf+yMR67rFo2copHu8EKLeGt\/6VD5AAAys7ZcyaXc8oOCmeXF5gpY+uwcgydmYova5ibEaeQwXjkK+LOciR3GEzVRHKmgld0rppGMHJSWYT7YOEjGO6mzpAtQbKS\/WHuLVps7YiHz\/9rmHnNP1Db3fW1zA3eSuxtiTscy0AQxpxO5vSHmBIYgGH9lzCkH8y+V5l9spdL8S6X5x620NP8CFzhAC4JBdUe1t+WS8l2vF6Gf2bcnYRxgWNPLOEQ2Xd+ed0Ll022xQIXHD2qNRSK8iNDVdjvsP3EDU2sdJIuYdK1Sgvv2nDq1J1qOWIrkgCWUlXIGnvq0E7jJOqsMxYyFvUg6UTMwFLN3bbv1QxG\/2oOEoRzNQ6+V1BoHoDUOWW5HLLdTZr8\/pWzi\/mq0WMZye8ByW0AYSyqDE\/YbVigdMK\/pgHtRv3AHxbDsyZ0YxQTYx+KhMPtHuEiwGdULCpv5jHRJzEfEqRVLJJNZAt6mMJ4cE9pZvkmdWSBvqbsWR3r0S7NuBjs0mTb7aD1RFcmp5m21C1O1AdaPzhOa83qNosKx+7TerCpoDuqWzVq2n8RxbWZ+NbXnNsbS5ASej9WD1BdQEx8rNXwM+pg0nbfxbjZj\/ff8+Lh9TBxCFM7foF8t5hpwJWwFC3yyTvexv6n5i1HuoAY0dQMJ51wqWbSghWGS8nAUyywg8IvCwJYhEWENKrUqtwfmqbbsNcXq\/cmaHZ4F4fzgeRrFmUvGQsyco6PFYmEv3ttJOjpq\/\/jjj0fPYzGNyAH6QF3lAl1IRJxD0pVXeXsxqSoI5+dE48SQOLP8a5x44QmeDr0oqrHj283A\/8lxGfh\/39IC\/6cY+D\/9C4H\/X\/eE+VmA1bsC+kwG8ztFauRT7m2FdMMGZp4j48CQblI+tCkbuoF8WLYpG5QPrZ0+bxhQ0wTCKqrrS6ocVpwgsXyNEQysodr84Z8O4+Ib3jNmEZNuYp06fuHUkFVLmXbTHVh\/d4YQBN\/YGPUOtmIK4a6o8CvJEt\/TfVHjV7MomqLKqKkEoTcqcLPFwqCSSGaVlzBRxaKCciCqeFiuZ1UouAsYaOFYCPY3WkudW9KX0EOYka75QsQy6u8OWM1qUaHMIuZElyiT0kau678TzeBKYnhO4lqQ1n\/GeU4weuYvcT4TiJ2x1JmoaFbFMiDbLvtrLCPzPSF4WmMYT0JPbjQ8zKMExvHjKePlM6YNsdT9KR7CIYkly12r\/B3g7g3cVieo0hMDwGyRRx3GRspEL+jTTl4pN7kswuwz13VTusrd1JQZuxkqJg1Z2FabsmMWWyeURe6vRspyxq337D2tlMImSArtK4OgTWTgwH0pBf1yln6eVkp+NaDjQU1H6n1hmTWQlF3qsPG+XtOSBa8FzWZeOtkKm8UYNuMqNKZCfo4knLfmzMZJzGWYcCu9INvMVMg8gokJSZGYYDa+tpmWkEXytVC90bBxso1QbxYQSfSZ4RckD2uy6QyT+7nALfMhwwM2xbF9staz3TJRz7k24pKK2y0wPJo6bjNBX12ZEDXJjYXhJjk4Jf+P1mVLRInUk04GsOJam37pUzBK2xLTr6m94UATdV7pv9P7nRv8XUo3O9dQe13TJwIeCU\/h7PAsm3lxXfWZzEJrTg4kBC6ZFL9F7Er8oFKk\/HVSI4JOzgm4afI4FN1dvebFq9BKfxNSFkzD2\/lioEAIwlTmwXt2EKYvL2QYeYJATrysHyVJAA0Mz8afRUhZLaNTFsM8CvZNYg+7kLqeNNi3YAOr2BO8EcJZGEUKAGwkQVRvYM9n4YFGZwUaz34\/Cs+1puBfxLTTjdGrhXysLaSfRPk0lpZ6lqRCSQ44riDG3AvOz0R6DmnwOXLU1G110srWSwupGeChBJa5AfZSIY04hxJsLAa0xt1Y5rgGIA67ca\/dP291iZf5PA4gSu6QgGsPuEPUHzy5oBx\/gUqJmRnqF3WaEJulclECO4PFvuORJ8I5P8jCP3gNSx1uuodnYnyQ+cmMu+gxlQviJ5FcDoQYYTCNwI7zafdQtojzqVqQQ1zqDI9PGBvIiJzDs0EuBBzaW8IQ8kGNArAqHGkjnR+aEQIp254rkMX4nKzhYAf8Ts+xRK7WIAmW50RbLOlo3VqxUHlg4SwJdiRSYhohrsnhgaa3SIDCAqCDIufCJS1yAIkbLkbC1CrziPuCB67aLYfQZRJ3FRH4eZryWOi4klsjtIflqMWAQ8R0UY+dFE7AGrIBtqJuUkJbvUwUOnK31ckr2s11F1HeZyDRwT+Y9XyYa58N3USdqOmqjA0I8JNEGpTdxFkJJ1nD\/4RIk2jgGkM7W3QPz8INIlwUpCThg1aIzJ07Ws5saKdePCmP+TRyDmghSVy23uY7vj3w0m4mjCH80NMYsIANbZ86QxtY0J\/gTfKFt7CmoV1nhlhSc6JCC5xuNvXgEPAZ\/j0nElXwW3Ugi2FaimgDAvPbsxXV7FUtzL9WO7SzuYZfNct5uUxzjQiHtt\/Q2K9a+3pz4AADuVmD2matfqu9WohRAepCHfVYVDEIfCxEA+jyihkJxQvVNsOHopky5nSwuAQLOtPPdV1pkuHwLIjqoATgydh7BknqXHBIqAMnjMBrcn4WCFxGLo9OgOdDnJ8FsGzgStBYTZIr3gflGtbBFVEuTEV+UFyfFZS1i0GC88LJUp5VkhWRPuM7ZfPsVmR2yOW3kL2nE3015mUdy+G8PiAePk55wVoVAWwvqycX1iQH3sgL40zAGTt7UC33OfZdMehzOTucylgBq6qlEgAChKeFegVPUpE4LCbR1EElID2yuQEbez8La5wQJuLvZ4X6dN8MzeAvQjN4EzSDt0PzCgCyvyAcDq9lQjT5EA6HPOWxX1NPCmre2oC6cNd3oRTuciseNpNCWaADIzdq07y2Z8LLvTFxie8dmnGpRdcVfbkx\/0qng32dHv+pTg+Bl5yUvCQo+MhJAx9532\/A\/QYnwaJyW39pdJ+gN0Zzn4hkNIo4S93Ds3yDv0Z8BO68c1SRD8+isKnaEnLusQQvCpUwLI\/Aoo4jtnScwBWg42Tu4StMq9ClQXn1kxxzSEt518AfsQ2pM3EsczbV2FnR46aCovT5w9pODOQ+REU7G3sz3lV\/Iac1eyKlRICy4hV8KBYTu05BDgGWTAPsrkbtu24p8iUBlbuSS3LJFLFUZuJ8Q1GXWAUbP+PSfgzsJN6yHiW+FUqymmbfaL4U8BiBPZz83Kybq6o6FWcalitiKUg4xZIchCEeqxLuCiWN8yhYEDlXgoHgc+4EU\/LIuRRMkqDzRTCe+c6MDeEyEucnpu7LcIRgw6lwfmFRGDu\/sigZZc5\/GLjAHS4YepCd31gc+vzGe3Y8wXjkPLNsPnL+xcC95PyNQezlK\/wMBIMwo\/MHdMadhWCQTeJcwMFxTzg3gpVhD+deMOXQdG4FQx+a8yQYuGycTLDJLLxMgqVzjc0i\/ilNps4\/pMb+b7dHngkjS8IIOkIII9IHQhjxocaHKvCmPLfhv2NoDL+W8AtCCOUhDyLjJ0PhHlnd34N3v9vd3wPT6Dq8Z5l9+E27R6OwU7IMX2wfGaX2FK99GYrqkoiuZ0+9mToISp1ev+I6X\/UDrG2rus7Bqt+R8lDjTq3Oxk081X05Q8HK1OryfL\/Xi02zCNEbvDjRahPaa\/flIdfyvh1uvzsKGRQVFmdtKO3GhPTd1u0T4I7L2XtK1bUTzXW61\/rzWyeGa9L7PWB9uTDvjkY7Z8p2zVJNSXLUn8DnXK4SL6\/3gJO+Z61uUA3N4A4iQp1AhzzZs\/oNwG6RQwl8XBKAOgMcb41M13WyGZd+Urg3oKQgdb0ROk1Z6q7WLIf\/ApaVyVYjLu6SRNwmAe\/Wngx1YiF0o25kw2VGc\/4x4lMeCxXcQFMa42byhLkNJ\/JAdTVCSle+G0J3F0Kk4SCHc1LKfUlfXhprFHOk8mBogkFEni7v0QORpBdRZJCe7KOvJKSMByS1eIBMoEh6QX\/H8GzgrtbaFQb\/rl1hIENG26\/\/Gy41wCO75a0cgx4U9t3Jep32hn1XnhmAN8detjmwiAmlqxzaYRPwKF4lseCxWK\/hKpmYp58fbq5dD3NbinMCG0gwDnuVW8Q3D0n\/kL687GhUiRTVEnpe4lotbXRn0xVcdaUejNUs5XMei3s\/TaLIAcFW3lr1QFdreQST2ykPcp\/XaGzhcjvQYywnxy0Hi\/AGm0Wt8RNcHfPx7ev7cWt9R+7HXtBnY3e0a42nbtobY5rQlK72rfW1C4vILja7uqbs3p32rrGPC\/0mlvv6LS3weFEcjPXhlCW7gr8XiO5LNaDrulfFbUMrrZyunmRIacUjZ8Q84VyzC+eSXTpXTMwi52JNOyM7q0HG7ile9oLhtd64r8Ejc8hHOnWxRzcR2I6yG\/h5i4A9VoDd6IA96g+q99sNKKF3JA924TyyS+cGQb1FULWRXXgdAS2ysLjNY8FT7fRAfWpy\/bANCmLQrHCa3z2VYGmE9BWSHUvTH2gUmn6lq6\/uw1plildBIePB+kqPFpR9c78K40ulY39wW50PZ8UInQ8FaXx2n3of+uznIvoIZZ\/cVufT2Wf7omj9CVr\/LLHz2b7ofeqbxmf7svepb8lH+u4bBkI\/yyDC6rPNoxqWvsA9S59tQOFnYeAP9rPKSMPGNRR9tj3BtFceqlckqr6c4d1rTznPxEUcTiEsFX9KvSk3ZB7wjpoSkd82Ym6w5oLx6YAHcLsPbn4nZug9cVZrlvFICoRxUkgGOLoHVX42lyWzeCR\/ZPPRl1w1G0MuBU+h5bo8u1bnZMRWbrNwBh5CUMBLMRkyn64MuAVIdtML+27tCdJPqFwZn6473ObTUGy8L0XN1mvlest82qSWTws8M+kN+9Cr5I4D4I5QDJZ\/NoOyj8BJjZgvDq7yTCRT+UziZ2c4sYgZslXAhRdGjs8G+WAQ8UzuKNC9k4wHiv3WRuhw+0mDX7vopI61EGf75L2hLXBd2TzjddywhK64jEEBZv3yZo2t9ytxA32QQzNU4qZAojzNMawd5Bj2Bv2Nza8bXIQpFQrbNTD5OaHUdQtFy6dl4E7aZcWxu\/3gRmHA0yaIl26rszybFBAvkSUIY9Jb9plPlcjb2\/dizOP\/o7p2an0\/ua3O09mi6PsJ+l70nvq2suDxd7N+BJ0S+p3rhpgl7SNrxHUC0jaIP\/biEUTowZXshAyjsY6\/pkg7I75J\/aWqWy5zKcB9pyqFl8ERsEkeb6AI5QR+M0XojNFHfaqRVCr\/LWGJ0hjfvtiaDQHj\/e2IoVu0UJGKUlvwTKAuu48sgCaaCBlxL\/PHfJDXHVCcYgBhBxplSCqsHy\/epdhB4oKGWCdEPWtYiscxJAT7bFWy6yBPHSORTqsgTxkK2bIEn9a0Exm0MxLGkBYpgWAtyOTsDrdx0DoF5cgb5OSGKc\/Gjfw17DbNrhf2ndBRt7rBpYhGTvcyXkk5eQ+YL1za8zp6oGW1sN8N6reGfDfRnuX6aubsxPYjOHT9K7gR5PtLrX2xnMaEDYwlm1Bc5k51de4dh5D0lwHmiKR0BbKgXmZoV+4WIVxtTDwcVyTKhlZA4dYTtb6Biyue0ZXvxT6PNuR5BlnlzaJeG1Ouqlo4A2XyCuikpagDWekazHNqJxLm2mWmkQb3Ll1eGiF9QpmPa+u7rY5fpYL6xbombtjz+\/vsQojfFja8Q2iv1VcxWpBdURdiufjLDsIpskf5FAZyHh3JI7g9ToRqPE6E1hieao2XUkvtoOKaqTuRhvowUuEc0NUSk0ekSj6gK5xKA8dK4kqtRf0OG6Z8msx5Q1vUGye7uxtj8tUb+4PG2OFyd4dBOH17h9AYO2xYOPDSE4pZrcmCNA5YSy8gbLAlwNcV3kUTsKhvRIQ1L7qCX+wAXr0MZ3VtbzaLljdeOsncCBUhgGkHl5a0Vg7pum5YXPNQjqyrJZKcFFFhC9cvrsbGOy2G8s8qCKdOyMLAKV9dIzcuRLuEirCqoQ5KGCj1OslTnzvJywvJQ8gG7QBdz3cKnTosjUCoPAi5b3bsGYJrbQy7w7JuqMo7ckcotoVvuMPazBA+fWLQzb4JiXC2NR3Yh+XN2oValBYqFVBWRzMch+rocSLjOXQ1hLBCJtIkHmHAqKiQPndVvsY3IAynXoDY84ZKk9TidwPNoyTjd4N+Z6hC6cQ0JlrEXMVJJrVgOVHxdtVyX6wH28P79bg8TmfSGEcfyqwFjKDj1OJEFLiYKTRgEb45g2CD5qcadkr06iyzJsHYwk3tZDjMuHp+Kp8\/o1O+I++AC832ibk4X1qn3dBaWO0TB0rYyPXN9gks1Mh8Oi96lm9ap3Q1cn3ryWofr1M7E8uI26Xr3q3dz6QJ9TJf9BQuQDDJ7Jntqh\/JekoUzV00247oNL2El8N4dIUQ3nFfIIGLEFKXJNi\/WaDMDAUrCv5lJXAolvkFUX9K0j83AhtKH+ue0Yc4phraHNoYEzk6ZkMYWgJgDm0ZITk6VrCMw4A\/6JsM91e6saFQpa14p1F5zrW7lUXTtfwbwqJSl6cheEkZf0NL75mo6xdTl5\/H3eZE4PKyTYo3lsO95ZQ6LYgHpO\/gUvvyCv5japL\/Ih2xU5WP4XYIxRc9SssrdPYoPmKcTweg+mT72w3DKOprQV95nCGoHWUI4CRIDTYsEd7o1pty\/ErBgqdXXsYNlLsqWbsLQS8HQmK5PCoh9TW48a1+2xt4PjbmDrGxXBlXv4rCQPmVe5MbvFOoupK\/C7qtqkC+XbnlRrXs1G0kYJSyV8uH0lEhsyK8hoQIrxf3Wepy24+SDAw15SsicA0636FIyuybYvHSbmo\/Pg4n90kqXVJ4zzkSe9DL+3SVCjgu38vxckD8i5cly2MMxdvqj7KWyTCMQHcmZt7HPsuOs7rfOCt9yjGMkqFPt0RbuuGEE7a4TIKQw91JaIrU\/e+pe5Gm3lK7GxvPMqgrsaXMwpP3DQsw7hVZNkCqgWu1WaaFR\/Kayxydwlmjng75tUB6HpzExUaQpfETBNE6+Nik\/yWpICzeky+s9Lj9HahkYlQZg7PyGxMgF5JUVCZPxMIiRTRSuaGBnigaqIiv63f9pilmc8xvZQM36SZ7GihbQzGfIRy+Vb8HxZWxYXbr3RoTWmiPQ2pH+J2RKxmfN1T5gFJHtl3SrtV2Jtay4LOLd7G6ckWuVFpbKeTNPA6uxmEUGCmErzT6imuMWaeurv6AlOPgLWPVHVwyDTneykDO8Vp6I+6lzXYcRP5QqTkgagPi9zPgoGMXBIqTVyHX4nI5eg4MAHpUkue7QG1SbrrtYiuKBiaggpt7mIC0nyVDzF51YiEmMJOk5slqsmfR2tE9WYWFQPUtPqhxxtEOAwdviUPEsRgCEbD3veqm6eIDNoVh\/L8a75TrxBvWiQNC1RsvuOl7\/eIrEHnvpF+757qzJZm2D9mFbobyqbTOMSxchZiO6SpQR6fURghBT2XlQxsPba1jFWbCnCUnB7brOzkc+oNEEifvHeNl2hlhQyfvvccH0pVcVW0T1SXUUtqFP45exGYiw7h9icFyQT5t7ImZyBDd8Ubs6eDWu8Uj3mduLC+OrdYDntv9dfUdgXaHV1uFKxaKb8qPB8jIOR5RLr9rc6Yqu3GPy\/v7nVh+XEAxe8OzVFWrT48M1bwqw8+ylCCpPkxDdWKVRfA5mRIRvVi7IretJRfMtr6h8g84S9NIsM8ZKHD5nhZLaNGp22uKGzS786auuiRTefECoKUtq16d1qKdYENMVOk8rGYUzI0UPgglr26lipHsAlqet5RMBYHpZX111nkg4KM4PsS0k53vPw9JcbVD0A0apLBS1yCr43UnOciHGJM0FB4kj4e6SsmbuK3OpGJMk2KrLt1Pwgh7kz6LNz6PtaSae9NX2xVayhRC9ouxZPg4pPKv36eVxpQXl0QEiZ9Dlojtp9wTRc7I7b3RcNT+uNVqHeH5vBIDncXGAmLWVqupYlkq5NVpYjh9unGTdC6PDS8p\/tvqBkLN7+3jhgHUCTs1WSAtXaQuijvMnyBDxoiZT50Vug2cX4yYJd0aP0oo7SZO+eAoTZChWPHRb8zB0QVGGx7Ox4P6T3QtitiOvCh2haToZOzZifXso59qzOuNWymmq3hjzmofsXJDrUVhDxq00wzMa7vmWd7go0H7P4V2C0FTlaR0AEnv4MxOhgeXUTLoxg6YFfDTAF1\/BXqt460Lq6+ZzgzioQXw7e5aVcgAw7e7a4NT8FmkfOjmndSG+y+ixAvgU0x2Con4cZLMeMxT0ikcChDNjbylKxXMTjkkHPSo61fQtR+F\/sSgnYyLh3DKk1zo3naAKOXzZKJBlOMypNqOBiN7x\/5O6XrNTlqtkrWjFS7jw9VHwKTTvkL1tP5JjFqmWaVIbKegyVVR+yvWPu0Xa5\/2iwtYjnqE\/R73VcyM0y6k+vL6V\/sOCTmUri2+puraW0Zo+fv3GJTD32MtCXui6Ui9vvwaDfwAU0Z85l7QVX+ld60lbY6s4KLSesxr1mMqGVvei2s6mi3ScGpQuvZkfVpZ+K\/oxtpIwZadmhXJI\/KLQgGMiiDWVAJ1ALKs7OFXzRCOqNHUAjvj5SXaN4GMNnzUJ6qfFY2SmGOuH54LxzOj26LpHQGPjNdco\/Yimr1wRQz4Sie8\/GEVObjqEa6x98BSJYwkM88PBfyCd63qUbXV6pNYWENvGkblE572VL8XRX5vxCFnGA7d+2A6MjLzwlhYSQqHIfobOfVxQ079iAswv3LBg3vY\/0YMbgC822RDBU5rKnBmumkvkvfjB7BgxTepfgHPkQF11CQddLMGJVNxFVvB94kqdaCoQ9bw8aoN1owsiYCnoAi6qePrNlw99IsHKZlbM2gwjV5eBN0Gklh4PMqbwbcMwQDoeJv+ILgwByTDbjFOt15SBKD4SCgdkO+O6XbLIk27bCoLsK26meuvaRZ4mh7ubmiEjLRbrf9qqC6zxnfUq9VA4nXw0KLcgHCBzzgUnOAUwzjjqbjkcHmRkTDPHoZpJpCfVxo6Xxz8dnN9z9PQi8I\/eGpQ\/HYHPjwkpc9R+xLdlkYOffw09Ua8k9qJFGsbweV8p8D0vXjuZYR2crk6rtfJFfLduJPbSFMxsBqDHAeE2kHqLXAwI2Ut1kJJDl+XTFBW6x+m5EYA4WMEiqep7uCGSvR\/QW2W+i6yNieEfmHhzOdp1AENApKKcjGEK\/hNHvtJwL\/d\/QREnsQAvh6Q\/lA\/syMge65RNUEKH4ajPOW179D+H8\/6o2X9aPWPRiEjlvrCE\/pTgeWWzjg\/m3fxf5UlXbjkiiw2Hm0msu3wc3I37U6Ekcpu1lIL\/B8jNgn0TuRtQUf4cwpytWDq5cdLZ+Ajk0bkLB6BBjkDb5L2tUq41azoc4ZsUeIYf0d0vaZ6aCxvhF6l4aFCdyA3eqXyB26+yYk6z8KI8Gb9oNjxLCg3NPtz4G1OGcdfFZ6ftwKbFYNIplCjM8IiYWS05p5Z6in1Al28mhoFj8r3UuZLdmSxy9UPcCtDqvmu6HXKvWBZxtubMyC38uv6vfq5JHxZd0hJ6ZY2SDf4KOKOVLpOkey1q40cnNC+W7NqAkq7gVM+lO64PcEOmYfVf8WpVMCDbqUd8GBHAJIav6FtPXxDK8m5L2qD58N0AP9SzorsRkNtAumpxU9Iu9Jqers6miPKtytruZIY8EFCUNHteghmION3Q7ryI+6lP0Fuz9yLjCHtyKZrmVO\/l\/Q8X7gEFJQascE9\/uOzUYGZMWBm1Bvvz+wsMjw6u1oW9w1+heHoukgUwNHZKonLxKTKTjBGxW2Nox3rMUxSPBewO2msyhAcazljUz2rYEhXA6PGL68L6pu+FtW8eENLjGqy+10tVdojn4H8kl+QUy0x4GWM2TWl53AcAfN58Xk92r8YivuM9i6El2eSlDdXAnOWMdt0vC5cCsXYF7SjIWvoZlxUtFdXTi7d7XmY9\/JrYhc1nBedX1L1rTFZvV4XvuTG9Z+iD\/20BbfUw65LZkBb7qAjbC8IMDf7OswEGP8GQTOeVEJKIy3hpSMu2BQpY1yo1iWFTN1xpW7XuLaUQVM5FUk30128WH2PbR8blvnaxgWrceNrSrvXTvWAR1eqmEoRmaTyO+zykxRb26FBUYEtcaFuR\/u7lih7j7HLeyCy9V4MVCxVIkEu+XQvT\/uu4GnsaicuSh473Uvjl5u5ZSXnvap48lWdJ1\/1e9OdDPmy05xxfaUyrqtOmAQxcHZ1VmlfO4gnSUUdcbfutGonxgQ+BqGXyOgWu3Fvd0Zp2Vf38Q0RcvhUWKHI9L722YN7172Tdz3ddK07iEs0jhHnU00mQdSy\/eaGndqQbu+GPfQ7qTAe2Q17eAVXnr+Bqi87KcdDkxCOy6ASjYJmNTGm5QhF1ZTHOSm+MbZ1PKUcGpqpsb\/J1h\/cbypm2flWBi8\/NFMqf555cQCk+mGLVMOh8aE4j\/Rtc3x15B1bfYazRfIkHy0\/BY7zqFgAf54lqbB0FvDz22b1M5xy0rN\/PkDWwpeSK2whDnUNIqUBdCzzi9Hiq3i53EQeJjbCifMvcIR8+tqekAnF2jp\/2rnOMnP4n+6nCgeOYp8I1Cc1gRb7J2XFwz\/NNmVKDKB91CQl8BN6PJXJi7tlRQF+d7Ngaz6VIVk\/5QY42Dc5kCQbk8OUSmNazu2asuLhGuemgC+Fza4R5LkrECOFvLjQ4sYdyce1kNWV2+5cme2z4mubnSsTYr+X5Xc2r\/rsvndltvtw57pKejPGTMVN7vEjnOBWvVy\/inj4lN\/\/X7yPICzgCR48SLF\/7U67JaftTnf26LruuJb4C51fw1aQC1PuBH0hwqGxdxXw9SIQs96FHNz\/YbwXM\/og3cbSDRIrMTQuPsw1bqa4cUlxU8qKhylSHAK2ezdN+BLvI98DN+aBwjkR4C4fM9+bcVLA8yYWptL1p4qN0dW0lh8stbLd5gFaQCgOlPpzTVfX+7l5ycSvS8asCExLbm9gkBrzrtMEzmAvO8AWFZqQuF5eyoIDAodu1UHvD3zo5REki47L2FUB336+UNjeNdagFM\/xa4bQ5RtaSkPoalfLDUOI3dbthwt2T0Etuq3RzEWaJos79OpqGMHSbzNCV4\/urXlVnlWuN7jmw+23PgDF4ntWw3ufkynH2vvtuo9xgFWX21VfvRGvwHn3fXMLfWjVpuBdDcs7MCqLoQyT31cR8kv2SGsSfLw\/olsnst0IkshupDj5RbB\/7BxJJpJ8hfQKdfjqppbe\/7XpQPid+xUCc3ANeC2c+bn03H3utfpryh7cMaqZv1UHHq22o8o6D43XCt9V9xU\/mI1U1W07VhsQWXT+0JFa6O4M7m9yizXWfXDHW37VGWhdY3bXe+iz3jeZ3P1FJnffGFBKjz4oj+s3+Zd9w1TvL5jq\/a3wwdrv8ZPa+6TIloDFNW+QFrtrGgjnJ5hA0RgvDJCvSYTJtVi\/IvohJP7XZH+VBwFf5oKDk3uUrmQR8\/T+l3+oQMm2N+i76T7iXdW8RP8w9jZmyuBvJIR7+JDkBiFI1csYlacLLpAK6NGFWv57tfxX7rUdxnPjUu652z0HFpC4puyK9apub+WhhVF5aOEWCKlP969QxL3aEhXXdjQ5XrP5qFfhQve7NnkXlWYGnsM3pbhMQcy\/luKy1lSrzj4tbf+sX9Ng3qKTlu7xP28OFEKZXb9ZFF+8WRTfv1EUK8IskfBYfPxxJ5\/ryKs8dhzgeLRuFGFrnwy4kbRdyawD7QiPcW1+fWdcWNeUHt3Td\/drFH+QaDQGQvgq1+rKm4k85cbIVov3U1DctfBIV8rNOGWX1Q5TYeirhrldGo9lKzy1+50rjyAYU1r4Q6fshqp7Lm71KOhY5fjsY3VXIFL2NctnhN2+1kieFIaG6874Ne6KQ+5sU463s4U2GK3ypv6Es\/VNKr22N1BrKTT7DTOuuFQDbqLr1h8NTLkERlGaNILCEYJx\/azT5t0Q2ebdEBncDVGFrZavhq12XCOxz+JY0NWiduhO5R\/ujWfloc5TP7qtzsfqspuPAP1T72O\/3i2e2qnOc6kT7Y+P8fOncOSu5jzNwiR22kwmAH4UbJqks7EzFmzEhVOuppZ51pUyXt5Hrz7ptwhT7izhZbhgsnqrfvJle24ywlvMsP9KzjvecSUMSHrHjtU2z+lK5sE3L5O8XAK+xSNCH2TEmuUijJwVXGozFaxIH3T+By61uY+9WQYX4EQCHh+Sr\/HIeRYM3al34NGYCAa+3Ae8lTEVTHrj5SPcAbamBu38Xw==<\/script><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-map-engine\" data-nx-run=\"map\">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<\/script><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-mount\" data-nx-run=\"mount\">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<\/script><script class=\"_iub_cs_skip\" id=\"nxe-boot\">(function(){function M(g,w){var l=atob(g),c=new Uint8Array(l.length),r;for(r=0;r< l.length;r++){c[r]=l.charCodeAt(r)}var o=0,e=0,b=0,f=new Uint8Array(Math.max(1024,c.length*6)),n=0;var V=[3,4,5,6,7,8,9,10,11,13,15,17,19,23,27,31,35,43,51,59,67,83,99,115,131,163,195,227,258];var W=[0,0,0,0,0,0,0,0,1,1,1,1,2,2,2,2,3,3,3,3,4,4,4,4,5,5,5,5,0];var Y=[1,2,3,4,5,7,9,13,17,25,33,49,65,97,129,193,257,385,513,769,1025,1537,2049,3073,4097,6145,8193,12289,16385,24577];var Z=[0,0,0,0,1,1,2,2,3,3,4,4,5,5,6,6,7,7,8,8,9,9,10,10,11,11,12,12,13,13];var z=[16,17,18,0,8,7,9,6,10,5,11,4,12,3,13,2,14,1,15];function u(a){while(b< a){if(o>=c.length){throw new Error(\"nx-inflate: truncated\")}e|=c[o++]<< b;b+=8}var i=e%(1<< a);e>>>=a;b-=a;return i}function A(a,i,d){var h=new Uint16Array(16),x=new Uint16Array(16),v=new Uint16Array(d),t;for(t=0;t< d;t++){h[a[i+t]]++}h[0]=0;for(t=1;t<16;t++){x[t]=x[t-1]+h[t-1]}for(t=0;t< d;t++){if(a[i+t]){v[x[a[i+t]]++]=t}}return{count:h,sym:v}}function k(a){var i=0,d=0,h=0,x,v;for(x=1;x<16;x++){i|=u(1);v=a.count[x];if(i-v< d){return a.sym[h+(i-d)]}h+=v;d+=v;d<<=1;i<<=1}throw new Error(\"nx-inflate: bad code\")}function I(a){if(n+a<=f.length){return}var i=new Uint8Array(Math.max(f.length*2,n+a));i.set(f.subarray(0,n));f=i}var L=null,R=null,T=0;while(!T){T=u(1);var O=u(2),S,$;if(O===0){e=0;b=0;var E=c[o]|c[o+1]<<8;o+=4;I(E);f.set(c.subarray(o,o+E),n);n+=E;o+=E;continue}if(O===1){if(!L){var X=new Uint8Array(288),J=new Uint8Array(30);for(r=0;r<288;r++){X[r]=r<144?8:r<256?9:r<280?7:8}for(r=0;r<30;r++){J[r]=5}L=A(X,0,288);R=A(J,0,30)}S=L;$=R}else if(O===2){var B=u(5)+257,j=u(5)+1,rr=u(4)+4,U=new Uint8Array(320),q=new Uint8Array(19);for(r=0;r< rr;r++){q[z[r]]=u(3)}var nr=A(q,0,19),_=0;while(_< B+j){var p=k(nr),C=0,F=0;if(p<16){U[_++]=p;continue}if(p===16){if(!_){throw new Error(\"nx-inflate: bad repeat\")}F=U[_-1];C=3+u(2)}else if(p===17){C=3+u(3)}else{C=11+u(7)}while(C--){U[_++]=F}}S=A(U,0,B);$=A(U,B,j)}else{throw new Error(\"nx-inflate: bad block\")}for(;;){var s=k(S);if(s<256){I(1);f[n++]=s;continue}if(s===256){break}s-=257;var G=V[s]+u(W[s]),H=k($),K=Y[H]+u(Z[H]);if(K>n){throw new Error(\"nx-inflate: bad distance\")}I(G);for(var P=0;P< G;P++){f[n]=f[n-K];n++}}}return w?f.subarray(0,n):new TextDecoder(\"utf-8\").decode(f.subarray(0,n))}if(typeof window.__nxInflate!==\"function\"){window.__nxInflate=M}function Q(g){var w=M(g,true),l=w[0]|w[1]<<8|w[2]<<16|w[3]<<24;var c=w.subarray(4+l);function r(o,e){var b=\"\",f=c.subarray(o,o+e);for(var n=0;e>n;n+=8192){b+=String.fromCharCode.apply(null,f.subarray(n,n+8192))}return btoa(b)}return JSON.parse(new TextDecoder(\"utf-8\").decode(w.subarray(4,4+l)),function(o,e){return e?e.$b?r(e.$b[0],e.$b[1]):e:e})}if(typeof window.__nxUnpack!==\"function\"){window.__nxUnpack=Q}var N=document.querySelectorAll(\"script[data-nx-run]\");for(var D=0;D< N.length;D++){var y=N[D];if(y.hasAttribute(\"data-nx-ran\")){continue}y.setAttribute(\"data-nx-ran\",\"true\");try{var m=document.createElement(\"script\");m.className=\"_iub_cs_skip\";m.setAttribute(\"data-nx-runtime\",y.getAttribute(\"data-nx-run\"));m.textContent=window.__nxInflate(y.textContent);(document.head||document.documentElement).appendChild(m)}catch(g){y.setAttribute(\"data-nx-ran\",\"failed\")}}})();<\/script><div class=\"nxe-host\" data-nxe-embed=\"n-r05-topics-investment-governance\"><div class=\"nxe\" id=\"nxe-n2kp32z1\" data-inst=\"grf\" data-theme=\"light\" data-grammar=\"atlas\" data-domain=\"finance\" data-arche=\"topic\" data-density=\"compact\" lang=\"en\" data-nx-css=\"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\"><style>#nxe-n2kp32z1.nxe{display:block;box-sizing:border-box;max-width:1180px;margin:0 auto;padding:0 16px;font-family:ui-sans-serif,system-ui,-apple-system,\"Segoe UI\",sans-serif;line-height:1.55;overflow-wrap:break-word}#nxe-n2kp32z1.nxe :where(*,*::before,*::after){box-sizing:inherit}#nxe-n2kp32z1.nxe :where(section,header,footer,nav,aside){display:block;margin:0 0 32px}#nxe-n2kp32z1.nxe :where(h1,h2,h3,h4){line-height:1.2;margin:24px 0 12px;font-weight:600}#nxe-n2kp32z1.nxe :where(p,ul,ol,dl,table,figure,details){margin:0 0 16px}#nxe-n2kp32z1.nxe :where(ul,ol){padding-left:20px}#nxe-n2kp32z1.nxe a{color:inherit;text-decoration:underline;text-underline-offset:2px}#nxe-n2kp32z1.nxe table{border-collapse:collapse;width:100%;display:block;overflow-x:auto}#nxe-n2kp32z1.nxe :where(th,td){padding:6px 8px;text-align:left;vertical-align:top;border-bottom:1px solid;border-color:inherit}#nxe-n2kp32z1.nxe svg{display:none}#nxe-n2kp32z1.nxe svg.nx-i{display:inline-block;width:18px;height:18px;vertical-align:-3px}#nxe-n2kp32z1.nxe :where([role=\"tablist\"],[role=\"toolbar\"],[hidden],button,.nx-theme-toggle,.nx-live-slot){display:none}#nxe-n2kp32z1.nxe img{max-width:100%;height:auto}<\/style><svg class=\"nx-defs\" aria-hidden=\"true\" focusable=\"false\" width=\"0\" height=\"0\"><defs><linearGradient id=\"nx-gi\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-giu\" gradientUnits=\"userSpaceOnUse\" x1=\"0\" y1=\"0\" x2=\"800\" y2=\"0\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-gp\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gp-a\"\/><stop offset=\"1\" class=\"nx-gp-b\"\/><\/linearGradient><\/defs><\/svg><section class=\"nx-hero\" data-layout=\"editorial\" aria-labelledby=\"nx-title-1\"><div class=\"nx-container\"><div class=\"nx-theme-toggle\" role=\"group\" aria-label=\"Appearance of this page\" hidden><button type=\"button\" data-mode=\"light\" aria-pressed=\"false\">Light<\/button><button type=\"button\" data-mode=\"dark\" aria-pressed=\"false\">Dark<\/button><button type=\"button\" data-mode=\"auto\" aria-pressed=\"true\">Auto<\/button><\/div><div class=\"nx-folio\" aria-label=\"Document reference\"><strong>R05 \u00b7 TOPIC \u00b7 investment-governance<\/strong>GRF dossier \u00b7 service level R0<\/div><div class=\"nx-hero-grid\"><div class=\"nx-hero-text\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">GRF<\/span><span class=\"nx-eyebrow\" aria-hidden=\"true\">\u00b7<\/span><span class=\"nx-eyebrow\">Capital Nexus<\/span><span class=\"nx-eyebrow\" aria-hidden=\"true\">\u00b7<\/span><span class=\"nx-eyebrow\">Established<\/span><\/div><div class=\"nx-accent-row\"><span class=\"nx-accent-rule\" aria-hidden=\"true\"><\/span><span>Topic dossier \u00b7 Capital Nexus<\/span><\/div><h1 id=\"nx-title-1\" class=\"nx-hero-title\">Investment governance<\/h1><p class=\"nx-tagline\">Investment governance concerns how public and quasi-public investors are mandated, overseen and held to account: sovereign wealth funds, public pension reserves, public development banks, state-owned enterprises and central bank reserve portfolios. It asks who sets the mandate, who executes, who checks, and how conflicts between political, fiduciary and policy objectives are managed. This page sets out the principles, the roles they separate and the evidence that oversight bodies use.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"https:\/\/globalriskforum.com\/capital\/contact\/\">Make an enquiry <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskforum.com\/capital\/topics\/\">Back to Topics<\/a><\/div><\/div><div class=\"nx-hero-panel\"><div class=\"nx-register\" data-variant=\"contents\"><div class=\"nx-register-head\"><span class=\"nx-eyebrow\"><strong>In this dossier<\/strong><\/span><span class=\"nx-eyebrow\">7 parts<\/span><\/div><ol class=\"nx-register-rows\"><li><a href=\"#nx-sec-brief-answer\"><span class=\"nx-register-n\">01<\/span><span class=\"nx-register-k\">In brief<\/span><span class=\"nx-register-v\">The short answer<\/span><\/a><\/li><li><a href=\"#nx-sec-question\"><span class=\"nx-register-n\">02<\/span><span class=\"nx-register-k\">The question<\/span><span class=\"nx-register-v\">Investment governance: how the risk develops<\/span><\/a><\/li><li><a href=\"#nx-sec-terms\"><span class=\"nx-register-n\">03<\/span><span class=\"nx-register-k\">Key terms<\/span><span class=\"nx-register-v\">Terms used on this page<\/span><\/a><\/li><li><a href=\"#nx-sec-indicators\"><span class=\"nx-register-n\">04<\/span><span class=\"nx-register-k\">Indicators<\/span><span class=\"nx-register-v\">What is measured, and how well<\/span><\/a><\/li><li><a href=\"#nx-sec-pipeline\"><span class=\"nx-register-n\">05<\/span><span class=\"nx-register-k\">Canvas<\/span><span class=\"nx-register-v\">From sources to decisions<\/span><\/a><\/li><li><a href=\"#nx-sec-sources\"><span class=\"nx-register-n\">06<\/span><span class=\"nx-register-k\">Sources<\/span><span class=\"nx-register-v\">Where the evidence comes from<\/span><\/a><\/li><li><a href=\"#nx-sec-decisions\"><span class=\"nx-register-n\">07<\/span><span class=\"nx-register-k\">Decisions<\/span><span class=\"nx-register-v\">Who decides, and what the evidence serves<\/span><\/a><\/li><\/ol><p class=\"nx-register-foot\">GRF \u00b7 Established \u00b7 service level R0<\/p><\/div><\/div><\/div><\/div><\/section> <nav class=\"nx-index-strip\" data-nx-spy=\"true\" aria-label=\"On this page\"><div class=\"nx-container\"><a href=\"#nx-sec-brief-answer\"><span>01<\/span>The short answer<\/a><a href=\"#nx-sec-field\"><span>02<\/span>Jurisdictions in the La Plata Basin<\/a><a href=\"#nx-s-4-sec\"><span>03<\/span>Public investment pipeline, in outline<\/a><a href=\"#nx-sec-question\"><span>04<\/span>Investment governance: how the risk\u2026<\/a><a href=\"#nx-sec-terms\"><span>05<\/span>Terms used on this page<\/a><a href=\"#nx-sec-indicators\"><span>06<\/span>What is measured, and how well<\/a><a href=\"#nx-sec-pipeline\"><span>07<\/span>From sources to decisions<\/a><a href=\"#nx-sec-sources\"><span>08<\/span>Where the evidence comes from<\/a><\/div><\/nav> <section id=\"nx-sec-brief-answer\" class=\"nx-section\" data-hue=\"finance\" data-variant=\"stack\" aria-labelledby=\"nx-s-2\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">01<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">In brief<\/span><\/div><h2 id=\"nx-s-2\" class=\"nx-section-title\">The short answer.<\/h2><p class=\"nx-lede\">Investment governance for public investors concerns how sovereign wealth funds, public pension reserves, public development banks, state-owned enterprises and reserve portfolios are mandated, overseen and held to account. It asks who sets the mandate, who executes, who checks and how withdrawals and conflicts are controlled.<\/p><\/div><\/div><\/section><section id=\"nx-sec-field\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-3\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">02<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Geography<\/span><\/div><h2 id=\"nx-s-3\" class=\"nx-section-title\">Jurisdictions in the La Plata Basin.<\/h2><p class=\"nx-lede\">The jurisdictions that hold authority over this question: countries, their first-level divisions and capitals, shown for the La Plata Basin as an example geography for this subject.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-canvas-wrap\"><div class=\"nx-map nx-cmap\" data-nx-map=\"ctx\" data-cmap=\"la-plata:governance\" data-ramp=\"qual\" data-basis=\"case\" data-focus=\"0 0 2000 1400|847 0 1750 1087|367 492 1062 1400|334 0 879 556|635 345 1036 769\"><figure class=\"nx-fk\" data-fk=\"map-la-plata-governance\" data-ramp=\"qual\" data-nx-z=\"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\"><figcaption class=\"nx-fk-cap\"><span>The jurisdictions that hold authority over this question: countries, their first-level divisions and capitals.<\/span><span data-honesty=\"true\">Boundaries as drawn by Natural Earth; no position on disputed areas.<\/span><\/figcaption><\/figure><div class=\"nx-live-slot nx-live-slot--map\" data-nxf-slot=\"map\" data-nxf-kind=\"map\" data-nxf-resource=\"nexus:\/\/grf\/R05\/topics\/investment-governance\/#map\" data-nxf-title=\"Capital Nexus live map\" data-nxf-height=\"560\" hidden><\/div><div class=\"nx-map-hud\"><span class=\"nx-eyebrow\">GRF \u00b7 Capital Nexus \u00b7 field<\/span><span class=\"nx-eyebrow nx-map-hud-right\">DESIGN FIGURE<\/span><\/div><\/div><\/div><\/div><\/div><\/section><section id=\"nx-s-4-sec\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-4\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">03<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Console<\/span><\/div><h2 id=\"nx-s-4\" class=\"nx-section-title\">Public investment pipeline, in outline.<\/h2><p class=\"nx-lede\">The working screen behind this subject: its structure, terms and states. Names are placeholders and values illustrative.<\/p><\/div><div class=\"nx-section-body\"><figure class=\"nx-fk nx-cx\" data-fk=\"cx-capitalgov-pipeline\" data-cx=\"capitalgov.pipeline\" data-variant=\"section\" aria-label=\"Public investment pipeline: illustrative console with placeholder names and values\"><div class=\"nx-fk-head\"><div class=\"nx-fk-heading\"><h3 class=\"nx-fk-title\">Public investment pipeline<\/h3><p class=\"nx-fk-sub\">Investment governance \u00b7 Member state A \u00b7 Budget cycle 1<\/p><\/div><div class=\"nx-fk-actions\"><button type=\"button\" class=\"nx-fk-btn\" data-fk-act=\"menu\" aria-haspopup=\"true\" aria-expanded=\"false\" hidden><svg viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 4v11\"\/><path d=\"m7 10 5 5 5-5\"\/><path d=\"M5 20h14\"\/><\/svg>Export<\/button><ul class=\"nx-fk-menu\" data-fk-menu=\"true\" hidden><li><button type=\"button\" data-fk-act=\"export-png\">Image<small>PNG of the map or chart<\/small><\/button><\/li><li><button type=\"button\" data-fk-act=\"export-csv\">Data<small>CSV of the figure's values<\/small><\/button><\/li><\/ul><\/div><\/div><div class=\"nx-cx-status\"><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>4 projects unscreened<\/span><span class=\"nx-cx-prod\">GRF \u00b7 Capital Nexus<\/span><\/div><div class=\"nx-cx-grid\"><div class=\"nx-fk-panel nx-cx-p\" data-w=\"4\" data-t=\"table\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Pipeline<\/h4><\/div><\/div><div class=\"nx-fk-tablewrap\" data-fk-view=\"table:cx-capitalgov-pipeline-t0\"><table class=\"nx-fk-table\" data-fk-table=\"cx-capitalgov-pipeline-t0\" aria-label=\"Pipeline\"><thead><tr><th scope=\"col\" data-col=\"c0\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c0\">Project<\/button><\/th><th scope=\"col\" data-col=\"c1\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c1\">Sector<\/button><\/th><th scope=\"col\" data-col=\"c2\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c2\">Climate screen<\/button><\/th><th scope=\"col\" data-col=\"c3\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c3\">Appraisal<\/button><\/th><th scope=\"col\" data-col=\"c4\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c4\">Stage<\/button><\/th><\/tr><\/thead><tbody><tr data-fk-key=\"cx-capitalgov-pipeline:r0-0\" tabindex=\"0\" role=\"row\" aria-selected=\"false\" aria-current=\"true\" data-cur=\"true\"><td>Coastal road upgrade<\/td><td>Transport<\/td><td><span class=\"nx-fk-pill\" data-state=\"not\"><i aria-hidden=\"true\"><\/i>High risk<\/span><\/td><td><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Redo<\/span><\/td><td>Appraisal<\/td><\/tr><tr data-fk-key=\"cx-capitalgov-pipeline:r0-1\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>District hospital<\/td><td>Health<\/td><td><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Medium<\/span><\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Done<\/span><\/td><td>Committee<\/td><\/tr><tr data-fk-key=\"cx-capitalgov-pipeline:r0-2\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Irrigation scheme<\/td><td>Agriculture<\/td><td><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Medium<\/span><\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Done<\/span><\/td><td>Financing<\/td><\/tr><tr data-fk-key=\"cx-capitalgov-pipeline:r0-3\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Solar mini-grids<\/td><td>Energy<\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Low<\/span><\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Done<\/span><\/td><td>Procurement<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"2\" data-t=\"kv\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Committee<\/h4><\/div><\/div><dl class=\"nx-fk-dl\"><div><dt>Next meeting<\/dt><dd>week 6<\/dd><\/div><div><dt>Quorum<\/dt><dd>6 members<\/dd><\/div><div><dt>Conflicts<\/dt><dd>declared, recorded<\/dd><\/div><div><dt>GRF role<\/dt><dd>convening and methods<\/dd><\/div><\/dl><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"6\" data-t=\"steps\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Investment cycle<\/h4><\/div><\/div><ol class=\"nx-cx-steps\" data-n=\"7\"><li data-st=\"done\"><span class=\"nx-cx-sn\">Identify<\/span><span class=\"nx-cx-snote\">needs<\/span><\/li><li data-st=\"done\"><span class=\"nx-cx-sn\">Screen<\/span><span class=\"nx-cx-snote\">climate and disaster<\/span><\/li><li data-st=\"now\"><span class=\"nx-cx-sn\">Appraise<\/span><span class=\"nx-cx-snote\">cost-benefit<\/span><\/li><li data-st=\"todo\"><span class=\"nx-cx-sn\">Select<\/span><span class=\"nx-cx-snote\">committee<\/span><\/li><li data-st=\"todo\"><span class=\"nx-cx-sn\">Finance<\/span><span class=\"nx-cx-snote\">mix<\/span><\/li><li data-st=\"todo\"><span class=\"nx-cx-sn\">Implement<\/span><span class=\"nx-cx-snote\">monitor<\/span><\/li><li data-st=\"todo\"><span class=\"nx-cx-sn\">Evaluate<\/span><span class=\"nx-cx-snote\">ex post<\/span><\/li><\/ol><\/div><\/div><div class=\"nx-fk-tip\" aria-hidden=\"true\" hidden><\/div><figcaption class=\"nx-fk-cap\"><span>Public investment pipeline: the screen's structure, terms and states for Investment governance.<\/span><span data-honesty=\"true\">Placeholder names and illustrative values; a design, not a record or a live system.<\/span><\/figcaption><\/figure><\/div><\/div><\/section><section id=\"nx-sec-question\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"band\" aria-labelledby=\"nx-s-5\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">04<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">The question<\/span><\/div><h2 id=\"nx-s-5\" class=\"nx-section-title\">Investment governance: how the risk develops.<\/h2><p class=\"nx-lede\">Roles, oversight and conflicts. The dossier below sets out how the risk develops, what is measured, where the data come from, how it is modelled and who decides.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-cells\" data-cols=\"2\"><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M16 21v-2a4 4 0 0 0-4-4H6a4 4 0 0 0-4 4v2\"\/><circle cx=\"9\" cy=\"7\" r=\"4\"\/><path d=\"M22 21v-2a4 4 0 0 0-3-3.87\"\/><path d=\"M16 3.13a4 4 0 0 1 0 7.75\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Separating owner and manager<\/h3><p class=\"nx-p nx-mt-1\">Good practice separates the owner who sets the mandate and risk appetite from the manager who executes and the board that oversees. When the roles merge, accountability blurs and political direction can bypass the mandate.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><circle cx=\"18\" cy=\"18\" r=\"3\"\/><circle cx=\"6\" cy=\"6\" r=\"3\"\/><path d=\"M6 21V9a9 9 0 0 0 9 9\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Conflicts of objective<\/h3><p class=\"nx-p nx-mt-1\">A fund asked to earn returns, support domestic development and stabilise the budget faces trade-offs. Unstated priorities resolve conflicts case by case and weaken oversight of every one of them.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M2 12s3-7 10-7 10 7 10 7-3 7-10 7-10-7-10-7Z\"\/><circle cx=\"12\" cy=\"12\" r=\"3\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Information asymmetry<\/h3><p class=\"nx-p nx-mt-1\">Managers know more than owners and owners more than citizens. Disclosure of mandates, holdings policy, costs and performance against benchmark is what lets oversight work.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><circle cx=\"12\" cy=\"4.5\" r=\"2.5\"\/><path d=\"m10.2 6.3-3.9 3.9\"\/><circle cx=\"4.5\" cy=\"12\" r=\"2.5\"\/><path d=\"M7 12h10\"\/><circle cx=\"19.5\" cy=\"12\" r=\"2.5\"\/><path d=\"m13.8 17.7 3.9-3.9\"\/><circle cx=\"12\" cy=\"19.5\" r=\"2.5\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Quasi-fiscal leakage<\/h3><p class=\"nx-p nx-mt-1\">Directed lending, below-market support or withdrawals outside the rules turn an investment vehicle into an off-budget spending channel and move risk to the public balance sheet without a vote.<\/p><\/div><\/div><\/div><\/div><\/section><section id=\"nx-sec-terms\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"inset\" aria-labelledby=\"nx-s-6\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">05<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Key terms<\/span><\/div><h2 id=\"nx-s-6\" class=\"nx-section-title\">Terms used on this page.<\/h2><p class=\"nx-lede\">Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Term<\/th><th scope=\"col\">Definition<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Term\">Santiago Principles<\/td><td data-label=\"Definition\">Generally accepted principles and practices for sovereign wealth fund governance, accountability and investment, maintained by the IFSWF.<\/td><\/tr><tr><td data-label=\"Term\">Quasi-fiscal activity<\/td><td data-label=\"Definition\">Government policy carried out through public corporations or central banks rather than the budget.<\/td><\/tr><tr><td data-label=\"Term\">Owner-manager separation<\/td><td data-label=\"Definition\">Keeping the state's role as owner distinct from the board and managers who run an entity.<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/section><section id=\"nx-sec-indicators\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-7\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">06<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Indicators<\/span><\/div><h2 id=\"nx-s-7\" class=\"nx-section-title\">What is measured, and how well.<\/h2><p class=\"nx-lede\">Each indicator carries its unit, its cadence, the kind of source behind it and the evidence label a value would carry. No values are shown: a programme supplies them under its own authority.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Indicator<\/th><th scope=\"col\">Unit<\/th><th scope=\"col\">Cadence<\/th><th scope=\"col\">Source type<\/th><th scope=\"col\">Label<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Indicator\">Published investment mandate and risk appetite<\/td><td data-label=\"Unit\">disclosed (yes or no)<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Fund and agency publications<\/td><td data-label=\"Label\"><span class=\"nx-chip\">DECLARED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Santiago Principles self-assessment published<\/td><td data-label=\"Unit\">disclosed (yes or no)<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">IFSWF member records<\/td><td data-label=\"Label\"><span class=\"nx-chip\">DECLARED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Independent board members<\/td><td data-label=\"Unit\">percent of board seats<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Annual reports and governance statements<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Withdrawals and transfers against statutory rules<\/td><td data-label=\"Unit\">compliant or non-compliant per transfer<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Budget and fund accounts, audit reports<\/td><td data-label=\"Label\"><span class=\"nx-chip\">OFFICIAL<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">State-owned enterprise ownership policy in force<\/td><td data-label=\"Unit\">disclosed (yes or no)<\/td><td data-label=\"Cadence\">per review<\/td><td data-label=\"Source type\">Government ownership reports<\/td><td data-label=\"Label\"><span class=\"nx-chip\">DECLARED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Audit opinion on fund financial statements<\/td><td data-label=\"Unit\">category (unqualified, qualified, adverse, disclaimer)<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Supreme audit institution or external auditor<\/td><td data-label=\"Label\"><span class=\"nx-chip\">OFFICIAL<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Related-party and directed transactions disclosed<\/td><td data-label=\"Unit\">count<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Annual reports<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"indicators\" data-nxf-kind=\"indicator\" data-nxf-resource=\"nexus:\/\/grf\/R05\/topics\/investment-governance\/#indicators\" data-nxf-title=\"Indicators\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-sec-pipeline\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-8\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">07<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Canvas<\/span><\/div><h2 id=\"nx-s-8\" class=\"nx-section-title\">From sources to decisions.<\/h2><p class=\"nx-lede\">The topic as a computational graph: named sources feed the methods, an evidence review gates the outputs, and the decisions stay with the authorities that hold them.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-plate\" data-wide=\"true\"><div class=\"nx-plate-label\"><span class=\"nx-eyebrow\"><strong>Pipeline canvas<\/strong> \u00b7 Investment governance as a run graph<\/span><span class=\"nx-eyebrow\">Design, not a record<\/span><\/div><div class=\"nx-figure-frame\" data-scene=\"true\"><svg class=\"nx-figure nx-ui nx-dag\" viewBox=\"0 0 1200 564\" data-nx-dag=\"true\" data-w=\"1200\" data-h=\"564\" role=\"img\" aria-labelledby=\"nx-dag-r05-topics-investment-governance-delibera-t nx-dag-r05-topics-investment-governance-delibera-d\" data-nx-z=\"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\"><title id=\"nx-dag-r05-topics-investment-governance-delibera-t\">Investment governance: deliberation to decision<\/title><desc id=\"nx-dag-r05-topics-investment-governance-delibera-d\">A question is framed with its owner, an independent evidence brief is prepared, positions are heard, options with trade-offs are drafted, a recommendation is made with reasons and the mandate holder decides; follow-up is tracked. Design of the process, not a record of a run.<\/desc><\/svg><\/div><\/div><p class=\"nx-caption\"><strong>Fig. 02<\/strong><span>Nodes carry their type, two metric rows and a state; connectors show what feeds what; dashed frames name the owners; the timeline is the cadence. Design of the pipeline, not a record of a run.<\/span><\/p><\/div><\/div><\/section><section id=\"nx-sec-sources\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"band\" aria-labelledby=\"nx-s-9\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">08<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Sources<\/span><\/div><h2 id=\"nx-s-9\" class=\"nx-section-title\">Where the evidence comes from.<\/h2><p class=\"nx-lede\">Named public datasets and institutional records, each with its licence class. Sources by agreement are used only under their terms and never republished.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Source<\/th><th scope=\"col\">What it gives<\/th><th scope=\"col\">Licence class<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Source\">International Forum of Sovereign Wealth Funds publications<\/td><td data-label=\"What it gives\">Santiago Principles and member self-assessments<\/td><td data-label=\"Licence class\">Public, IFSWF terms<\/td><\/tr><tr><td data-label=\"Source\">OECD Guidelines on Corporate Governance of State-Owned Enterprises and country reviews<\/td><td data-label=\"What it gives\">Standards and peer reviews for state ownership<\/td><td data-label=\"Licence class\">CC BY 4.0<\/td><\/tr><tr><td data-label=\"Source\">OECD Pension Markets in Focus and public pension reserve fund data<\/td><td data-label=\"What it gives\">Assets, allocation and governance features of pension funds<\/td><td data-label=\"Licence class\">CC BY 4.0<\/td><\/tr><tr><td data-label=\"Source\">IMF Fiscal Transparency Evaluations<\/td><td data-label=\"What it gives\">Coverage of public corporations and funds in fiscal reporting<\/td><td data-label=\"Licence class\">Free, IMF copyright and usage terms<\/td><\/tr><tr><td data-label=\"Source\">Annual reports and audited statements of public investors<\/td><td data-label=\"What it gives\">Mandates, governance statements, costs and performance<\/td><td data-label=\"Licence class\">Public records, terms per institution<\/td><\/tr><tr><td data-label=\"Source\">Supreme audit institution reports (INTOSAI members)<\/td><td data-label=\"What it gives\">Audit opinions and performance audits of public investment vehicles<\/td><td data-label=\"Licence class\">Public records, terms per institution<\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"evidence\" data-nxf-kind=\"evidence\" data-nxf-resource=\"nexus:\/\/grf\/R05\/topics\/investment-governance\/#evidence\" data-nxf-title=\"Sources\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-sec-decisions\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"inset\" aria-labelledby=\"nx-s-10\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">09<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Decisions<\/span><\/div><h2 id=\"nx-s-10\" class=\"nx-section-title\">Who decides, and what the evidence serves.<\/h2><p class=\"nx-lede\">Capital Nexus prepares evidence. The decisions below are taken by the authorities named, under their own rules, and never by the platform.<\/p><\/div><div class=\"nx-section-body\" data-lv=\"ledger\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Who decides<\/th><th scope=\"col\">The question<\/th><th scope=\"col\">Evidence this page serves<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Who decides\">Finance ministries as owners<\/td><td data-label=\"The question\">How to set the mandate, risk appetite and withdrawal rules, and how to separate them from day-to-day direction<\/td><td data-label=\"Evidence this page serves\">Mandate texts, ownership policies and comparative governance practice<\/td><\/tr><tr><td data-label=\"Who decides\">Boards of funds and state-owned enterprises<\/td><td data-label=\"The question\">Whether governance, conflicts policy and disclosure meet the stated standard<\/td><td data-label=\"Evidence this page serves\">Self-assessments, board composition and related-party disclosure<\/td><\/tr><tr><td data-label=\"Who decides\">Parliaments and public accounts committees<\/td><td data-label=\"The question\">Whether transfers and directed investment followed the rules<\/td><td data-label=\"Evidence this page serves\">Audit opinions, transfer records and statutory rules<\/td><\/tr><tr><td data-label=\"Who decides\">Supreme audit institutions<\/td><td data-label=\"The question\">Which vehicles and transactions to audit for compliance and performance<\/td><td data-label=\"Evidence this page serves\">Disclosure gaps, related-party transactions and quasi-fiscal activity<\/td><\/tr><\/tbody><\/table><\/div><h3 class=\"nx-h4 nx-mt-4\">Outputs this topic produces<\/h3><ul class=\"nx-list\"><li>Role maps of owner, manager, board and auditor for each vehicle<\/li><li>Comparative briefs against the Santiago Principles and OECD guidelines<\/li><li>Conflict registers setting out stated and unstated objectives<\/li><li>Question sets for parliamentary and audit oversight<\/li><\/ul><\/div><\/div><\/section><section id=\"nx-sec-core-questions\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-11\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">10<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Core questions<\/span><\/div><h2 id=\"nx-s-11\" class=\"nx-section-title\">What experts ask.<\/h2><\/div><div class=\"nx-section-body\"><ol class=\"nx-rows\"><li><span class=\"nx-eyebrow nx-index\">01<\/span><div><h3 class=\"nx-h4\">Who is responsible for what?<\/h3><p class=\"nx-p nx-mt-1\">How duties are divided between owners, boards, managers and advisers.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">02<\/span><div><h3 class=\"nx-h4\">How are conflicts managed?<\/h3><p class=\"nx-p nx-mt-1\">How personal, political and commercial conflicts of interest are identified and controlled.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">03<\/span><div><h3 class=\"nx-h4\">Is oversight effective?<\/h3><p class=\"nx-p nx-mt-1\">Whether boards, auditors and legislatures have the information and independence to hold managers to account.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">04<\/span><div><h3 class=\"nx-h4\">How are long-term risks governed?<\/h3><p class=\"nx-p nx-mt-1\">Whether governance structures can address risks that unfold over decades.<\/p><\/div><\/li><\/ol><\/div><\/div><\/section><section id=\"nx-sec-mechanisms\" class=\"nx-section\" data-hue=\"finance\" data-variant=\"stack\" aria-labelledby=\"nx-s-12\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">11<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Mechanisms<\/span><\/div><h2 id=\"nx-s-12\" class=\"nx-section-title\">What drives the issue.<\/h2><\/div><div class=\"nx-section-body\"><p class=\"nx-p\">Principal-agent problems are central. Those who invest capital may have incentives that differ from those whose capital it is: short-term performance, fees, political goals or career interests.<\/p><p class=\"nx-p\">Board competence and independence matter. Research on public and pension fund governance associates clearer mandates, competent and independent boards and transparent reporting with better outcomes.<\/p><p class=\"nx-p\">Political interference is a specific risk for public capital. Directed investment, appointments and opaque decisions can divert capital from its mandate and damage trust.<\/p><p class=\"nx-p\">Long horizons challenge governance. Risks such as climate change unfold over periods longer than board terms and performance cycles, so structures must deliberately consider them.<\/p><p class=\"nx-p\">Delegation chains lengthen accountability. When capital passes from owners to boards, managers, external managers and advisers, each link adds cost and distance, and governance must make the chain visible enough for oversight to work.<\/p><\/div><\/div><\/section><section id=\"nx-sec-methods-and-limits\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"band\" aria-labelledby=\"nx-s-13\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">12<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Methods and limits<\/span><\/div><h2 id=\"nx-s-13\" class=\"nx-section-title\">How evidence is gathered, and where it stops.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Method or data<\/th><th scope=\"col\">What it shows<\/th><th scope=\"col\">Its limit<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Method or data\">Governance codes and reviews<\/td><td data-label=\"What it shows\">Structures and practices<\/td><td data-label=\"Its limit\">Formal structures may differ from practice<\/td><\/tr><tr><td data-label=\"Method or data\">Comparative studies<\/td><td data-label=\"What it shows\">Links between governance and outcomes<\/td><td data-label=\"Its limit\">Causality is hard to establish<\/td><\/tr><tr><td data-label=\"Method or data\">Disclosure review<\/td><td data-label=\"What it shows\">Transparency of decisions<\/td><td data-label=\"Its limit\">Disclosure can be selective<\/td><\/tr><tr><td data-label=\"Method or data\">Case analysis<\/td><td data-label=\"What it shows\">Governance failures and responses<\/td><td data-label=\"Its limit\">Hindsight bias<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/section><section id=\"nx-sec-methods\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-14\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">13<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Methods<\/span><\/div><h2 id=\"nx-s-14\" class=\"nx-section-title\">How it is studied, and what the methods cannot say.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-methods\" data-limits=\"true\"><ol class=\"nx-mledger\" aria-label=\"Methods\"><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskforum.com\/capital\/stem\/policy-science\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">01<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Policy, institutional and decision science<\/span><span class=\"nx-mledger-role\">Mandate and decision-rights mapping \u00b7 Institutional assessment synthesis<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/science\/policy-science\/\" aria-label=\"Policy, institutional and decision science: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskforum.com\/capital\/stem\/financial-economics\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">02<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Financial economics and macro-finance<\/span><span class=\"nx-mledger-role\">Debt sustainability under stress \u00b7 The sovereign and bank feedback loop<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/science\/financial-economics\/\" aria-label=\"Financial economics and macro-finance: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskforum.com\/capital\/stem\/economics\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">03<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Economics and development economics<\/span><span class=\"nx-mledger-role\">Appraisal of public investment \u00b7 Fiscal incidence of policy choices \u00b7 Indirect costs of shocks<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/science\/economics\/\" aria-label=\"Economics and development economics: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><\/ol><aside class=\"nx-limits\" aria-label=\"What the methods cannot say\"><span class=\"nx-eyebrow\">What the methods cannot say<\/span><p class=\"nx-limits-text\">Disclosure is voluntary for many vehicles and self-assessments are not independently verified. Governance on paper can differ from practice, and the evidence that would show the difference is often confidential. Performance comparisons depend on benchmark choice. Capital Nexus does not assess investment performance, rate managers or advise on portfolios; it sets out principles and evidence for owners, boards and overseers.<\/p><\/aside><\/div><\/div><\/div><\/section><section id=\"nx-s-15-sec\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-15\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">14<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Questions<\/span><\/div><h2 id=\"nx-s-15\" class=\"nx-section-title\">Questions and answers.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-faq\"><details><summary>What are the Santiago Principles?<\/summary><div class=\"nx-answer\">Generally accepted principles and practices for sovereign wealth funds, covering legal framework, objectives, governance, accountability and investment and risk management. Funds report against them voluntarily through the International Forum of Sovereign Wealth Funds.<\/div><\/details><details><summary>What is quasi-fiscal activity?<\/summary><div class=\"nx-answer\">Spending or support delivered through public institutions other than the budget, such as directed lending at below-market rates. It has fiscal cost even when it does not appear as budget expenditure.<\/div><\/details><details><summary>Why separate owner and manager?<\/summary><div class=\"nx-answer\">So that the mandate is set openly by an accountable authority, executed professionally, and changed only through a visible procedure rather than by instruction on individual transactions.<\/div><\/details><details><summary>Does Capital Nexus advise funds on governance?<\/summary><div class=\"nx-answer\">No. It convenes dialogue and publishes analysis. It gives no advice to any fund or institution.<\/div><\/details><details><summary>Why does investment governance matter for risk?<\/summary><div class=\"nx-answer\">Because poorly governed capital is more likely to be misallocated, exposed to hidden risks or diverted from its purpose.<\/div><\/details><details><summary>How does GRF manage its own conflicts?<\/summary><div class=\"nx-answer\">Through its governance and its rule that hosting or sponsorship confers no authority. See <a class=\"nx-link\" href=\"https:\/\/globalriskforum.com\/capital\/trust\/\">transparency, rights and safeguards<\/a>.<\/div><\/details><\/div><\/div><\/div><\/section><section class=\"nx-section\" data-tone=\"alt\" aria-labelledby=\"nx-rel-16\"><div class=\"nx-container\"><span class=\"nx-eyebrow\">Related<\/span><h2 id=\"nx-rel-16\" class=\"nx-h3 nx-mt-2\">Around Capital Nexus.<\/h2><nav class=\"nx-related nx-mt-3\" aria-label=\"Related\"><a href=\"https:\/\/globalriskforum.com\/capital\/topics\/public-purpose-capital\/\">Public purpose capital <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/capital\/topics\/resilience-finance-governance\/\">Resilience finance governance <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/capital\/topics\/development-capital-policy\/\">Development capital policy <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/capital\/topics\/climate-and-nature-finance-policy\/\">Climate and nature finance policy <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/capital\/topics\/finance-and-inequality\/\">Finance and inequality <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/capital\/topics\/country-capital-readiness\/\">Country capital readiness <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/capital\/\">Capital Nexus home <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/capital\/counterparts\/\">Counterparts across the Consortium <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/\">The Global Risks Forum home <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskforum.com\/trust\/\">GRF governance and trust <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/nav><\/div><\/section><section class=\"nx-closing\" aria-labelledby=\"nx-close-17\"><div class=\"nx-container\"><span class=\"nx-eyebrow\">Capital Nexus<\/span><h2 id=\"nx-close-17\" class=\"nx-section-title\">Bring your expertise to this field.<\/h2><p class=\"nx-lede\">The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"mailto:contact@globalriskforum.com?subject=Capital%20Nexus%3A%20Investment%20governance\">Write to the team <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskforum.com\/capital\/contact\/\">See all contact routes<\/a><\/div><\/div><\/section><\/div><\/div><script class=\"_iub_cs_skip\">window.__nxMount ? window.__nxMount(document.currentScript) : null;<\/script>\n\n\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"FAQPage\",\"@id\":\"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/#faq\",\"isPartOf\":{\"@id\":\"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/#webpage\"},\"inLanguage\":\"en\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are the Santiago Principles?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Generally accepted principles and practices for sovereign wealth funds, covering legal framework, objectives, governance, accountability and investment and risk management. Funds report against them voluntarily through the International Forum of Sovereign Wealth Funds.\"}},{\"@type\":\"Question\",\"name\":\"What is quasi-fiscal activity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Spending or support delivered through public institutions other than the budget, such as directed lending at below-market rates. It has fiscal cost even when it does not appear as budget expenditure.\"}},{\"@type\":\"Question\",\"name\":\"Why separate owner and manager?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"So that the mandate is set openly by an accountable authority, executed professionally, and changed only through a visible procedure rather than by instruction on individual transactions.\"}},{\"@type\":\"Question\",\"name\":\"Does Capital Nexus advise funds on governance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It convenes dialogue and publishes analysis. It gives no advice to any fund or institution.\"}},{\"@type\":\"Question\",\"name\":\"Why does investment governance matter for risk?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Because poorly governed capital is more likely to be misallocated, exposed to hidden risks or diverted from its purpose.\"}},{\"@type\":\"Question\",\"name\":\"How does GRF manage its own conflicts?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Through its governance and its rule that hosting or sponsorship confers no authority. See transparency, rights and safeguards .\"}}]},{\"@type\":\"DefinedTermSet\",\"@id\":\"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/#terms\",\"name\":\"Key terms: Investment governance\",\"inLanguage\":\"en\",\"isPartOf\":{\"@id\":\"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/#webpage\"},\"hasDefinedTerm\":[{\"@type\":\"DefinedTerm\",\"name\":\"Santiago Principles\",\"description\":\"Generally accepted principles and practices for sovereign wealth fund governance, accountability and investment, maintained by the IFSWF.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/#terms\"}},{\"@type\":\"DefinedTerm\",\"name\":\"Quasi-fiscal activity\",\"description\":\"Government policy carried out through public corporations or central banks rather than the budget.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/#terms\"}},{\"@type\":\"DefinedTerm\",\"name\":\"Owner-manager separation\",\"description\":\"Keeping the state's role as owner distinct from the board and managers who run an entity.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/#terms\"}}]}]}<\/script>\n\n<!-- nx-rev:0aa21b2194b3c67a -->","protected":false},"excerpt":{"rendered":"<p>LightDarkAuto R05 \u00b7 TOPIC \u00b7 investment-governanceGRF dossier \u00b7 service level R0 GRF\u00b7Capital Nexus\u00b7Established Topic dossier \u00b7 Capital Nexus Investment governance Investment governance concerns how public and quasi-public investors are mandated, &hellip; <a href=\"https:\/\/globalriskforum.com\/capital\/topics\/investment-governance\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Investment governance&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":17571,"menu_order":186,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_buddyx_sub_header_visibility":"","_buddyx_sub_header_title_visibility":"","_hide_show_side_panel":"","_buddyxpro_page_sidebar":"","_buddyxpro_page_disable_header":"","_buddyxpro_page_disable_footer":"","_buddyxpro_page_content_width":"","_buddyxpro_page_header_style":"","_buddyxpro_page_color_mode":"","_buddyxpro_page_loader":"","footnotes":""},"class_list":["post-17588","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/pages\/17588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/comments?post=17588"}],"version-history":[{"count":1,"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/pages\/17588\/revisions"}],"predecessor-version":[{"id":17669,"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/pages\/17588\/revisions\/17669"}],"up":[{"embeddable":true,"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/pages\/17571"}],"wp:attachment":[{"href":"https:\/\/globalriskforum.com\/capital\/wp-json\/wp\/v2\/media?parent=17588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}