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In the interest of establishing uniformity
in the regulatory approach, it is necessary to have a common
set of ETHICS for the Association. This code of ethics is
applicable to all members of the Association of Superannuation
Funds of Papua New Guinea. The code is also applicable to
Trustees, Directors, Responsible Officers, Shareholders,
Investment Managers and Fund Administrators. Each of these
parties assumes certain amount of responsibility under the
Superannuation Act. They are accountable to appropriate
bodies and individuals hence their decisions and actions
are subject to regular audit and scrutiny. The objective
of the code is not to dictate the decisions and actions
of these parties. It is intended to influence and develop
quality decisions and smart actions by individuals and firms
given the responsibility to be the custodians of retirement
benefits of employees. These values must not be just read
and posted on the walls as decorations. They must be internalized
and institutionalized by all members of the Association.
Each and every individual who is associated with the ASFPNG
has a moral and legal obligation to build and uphold these
values to an extent that it influences the behavior, decisions
and actions of all public officers associated with the Association.
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