Roles and Functions of the Board of Directors and Investment Committee:

The Board of Directors of the Manager is responsible for overseeing the activities of the Manager. The Investment Committee is responsible for formulating, implementing and monitoring the investment management policies of the Funds in accordance with its objectives and the provisions of the respective Deed. Board and Investment Committee meetings are held every three months.

Remuneration Policy For Directors And Senior Management

The Company has remuneration policies in place for its directors and senior management that take into account the demands, complexities and performance of the company, as well as skills and experience required.

The Manager has a staff force of 27 employees, comprising 24 executives and 3 non-executives as at 30 April 2018.

The qualifications and experience of the key management staff are as follows:

Investment Team

Roles and Responsibilities:

Astute Fund Management Berhad’s fund managers are authorised to manage the Funds in accordance with the Funds’ stated investment objective. This authority is subject to the requirements of this Master Prospectus, the respective Deeds, Guidelines and relevant laws, acceptable and efficacious business practice within the unit trust industry, the policies and internal controls in place of the Management Company. The fund managers will report to the investment committee of the Fund and will implement the investment strategies selected by this committee.

The role of a Shariah committee is to:

• Ensure that the Fund is managed and administered in accordance with the Shariah principles;
• Provide expertise and guidance for the Fund in all matters relating to the Shariah principles, including on the Fund’s deed and prospectus, its structure and investment, and other operational and administrative matters;
• Consult the Securities Commission who may consult the Shariah Advisory Council where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process;
• Ensure that the Fund complies with any guideline, ruling or decision issued by the Securities Commission;
• Be responsible for scrutinising the Fund’s compliance report as provided by the compliance officer and transaction report provided by or duly approved by the trustee to ensure that the Fund’s investments are in line with the Shariah principles; and
• Prepare a report to be included in the Fund’s interim and annual report certifying whether the Fund has been managed and administered in accordance with Shariah principles for the period concerned.

The Shariah committee meetings are held formally twice in a year, or more frequently if required to review on the Fund’s asset.

The number of funds in which it acts as adviser: 5 (as at 30 April 2018)

Astute Fund Management Berhad (“AFMB”) is committed to Compliance with the highest standards of ethics and integrity in all its business operations and expects that all its employees, officers and directors will comply with the word and spirit of every applicable law or regulation in the countries and localities in which we operate. AFMB has a comprehensive Compliance Unit which has established robust Compliance program and designed to ensure that its employees are aware of and adhere to applicable laws and ethical standards.

Statement on Code of Ethics and Conduct

We are committed to a high standard of integrity, fairness, ethical behaviour and excellence in our business dealings.

At the core of our value system is the belief that our clients are the bedrock of our business. Serving their needs effectively lies in the heart of everything that we do.

We believe that trust must be earned. This is fundamental to all lasting and successful partnerships. There is a requirement for us to know our clients well in order to meet their changing needs and objectives.

The principles and ethical standards which govern our conduct are contained in the Company’s Code of Ethics & Conduct for Employees (“Code of Ethics”).

The Code was developed with the following objectives in mind:

1. To instil a performance based culture among our employees and to deliver excellent performance and service to our clients.
2. As a Capital Market Services Licence (“CMSL”) holder under the Securities Commission, to ensure that our employees across all business activities act with integrity, honesty and accountability.
3. To provide growth and development for our staff, serve the communities in which we operate and continuously build our reputation as a trusted partner among our clients, regulators and stakeholders.

The Company takes compliance and risk seriously. Our employees are encouraged to stay abreast with the changing requirements under the industry’s laws and regulations. In addition, they are required to adhere to our internal policies and procedures. Incidents of non-compliance by our staff are met with appropriate penalties including dismissal for serious breaches or misconduct.

Employees are also required to confirm their adherence to the Code of Ethics on an annual basis.

Please email enquiry@astutefm.com.my should you require more information on our Code of Ethics & Conduct.

Please Find Contact Details:

Tel: (603) 2095 9999
Email: aisb.comp@astutefm.com.my

Astute Fund Management Berhad outsourced its Internal Audit function to Total International Associates (“TIA”), an independent professional firm in order to provide the Audit Committee and Board of Directors with adequate assurance by leveraging on specialist expertise not available internally. We believe that TIA, will be able to bring a systematic and disciplined approach in evaluating and improving the effectivess of the Company’s internal risk management, control and governance processes.

Established in 2004, Total International Associates (TIA) is a boutique firm approved by Malaysian Institute of Accountants (MIA) to carry out our duties which specializing in assurance and providing business solutions that are customised to meet our client’s financial needs.

Total International Associates takes a holistic approach towards risk and controls management with a view to offer comprehensive solutions, taking into account the dynamics of the business environment.

Members of the team come from diverse backgrounds, thus offering new insights to ensure efficient and effective solutions. We have members on the team who are very experienced in the areas of corporate governance, enterprise risk management, and internal controls framework, and have undertaken many assignments in Public Listed Companies.