The Board of Directors of Angas Securities is responsible for the overall corporate governance including setting strategic direction of Angas Prime, establishing goals for management and monitoring the achievement of these goals. Management of the business on a day to day basis, is delegated by the Board who is responsible for managing the operations of Angas Prime, within corporate governance framework established by the Board. An Audit Risk Management and Compliance Committee has been established with responsibilities which include, oversight and supervision of compliance and risk management. In addition, Angas Prime has its own Compliance Committee. In conformity with the Corporations Act, a majority of the members are independent of Angas Prime. The Compliance Committee oversees Angas Prime’s adherence to the matters set out in its Compliance Plan.
These arrangements provide a structured process whereby Angas Prime is able to comply with all its regulatory obligations under the Corporations Act 2001 and other legislation which impacts on the conduct of its investment business. Angas Prime also has an established management framework which includes a system of internal control and review, an independent external consultant with authority to review its AML operations of change, a Head of Compliance and a Compliance Officer, a business risk management process which is actively implemented and appropriate ethical standards based on the Australian Institute of Company Directors Code of Conduct.
Several members of Angas Prime staff and management have their own investments in the Fund, but neither they, nor their related parties, are entitled to invest on terms which are more generous than those available to other investors, or otherwise on terms which are uncommercial or which confer an improper financial advantage. Angas Prime makes continuous disclosure to its investors. Where appropriate, Angas Prime fulfils its continuous disclosure obligations by way of website disclosure. If required, a supplementary or replacement Product Disclosure Statement will be issued. Angas Prime is committed to a policy of upholding the highest standards of ethical behaviour throughout the organisation.
The Angas Prime Dispute Resolution is available for viewing.