Professor Wolfgang Gerke, a financial expert who recently unveiled a corporate governance code for asset managers, has called for the code to be embraced by German pension funds.
Gerke unveiled the code, whose adoption is voluntary, last April. According to him, the code is essential in improving investor protection and transparency on capital markets.
Although the code was originally understood to apply to asset managers only, Gerke noted that it was relevant for all capital market players - including pension funds that manage their own assets.
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