Norshield creates independent risk committee for transparency


LONDON -- Norshield Financial Group, a Montreal-based fund of hedge funds manager, is set to create an independent risk committee that will report to its investors, a move that managers at the firm believe could catch on throughout the industry.

The committee will comprise independent industry figures with experience in corporate governance and Norshield’s chief financial officer.

Committee members will be nominated by a third party to ensure its separation from the company.

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