FGS specialize in working with fund groups, their auditors and outside counsel to evaluate and enhance their corporate governance programs. Governance programs are invariably influenced by the legal and regulatory climate in which the funds are domiciled. To date, many offshore jurisdictions have been slow to adopt any version of global best practice. This has lead to many promoters simply meeting those minimum standards as mandated by the relevant offshore jurisdiction and/or the listing requirements of the relevant exchange on which their shares are listed.

Offshore funds whose Boards operate at lower minimum standards, run a significant reputational risk for their promoters. This is brand risk derived from negative comparisons between its application of standards in a domestic market compared to the lesser standards applied offshore. If good governance is a virtue and a shareholder right in one market, should it not follow that shareholders would expect the same rights and virtues in all markets? This disparity of shareholder treatment may very well give rise to negative publicity. This is potentially a significant brand issue for the promoter.

FGS adds value to fund promoters and fund companies by minimizing regulatory and reputational risk. FGS achieves this by recommending the implementation of cost effective changes to board structures and practices thereby aligning board operations to internationally benchmarked standards.