Apparently, according to the asset mgmt code, it is not ok to hold a directorship position in a company if it poses a conflict of interest. according to EOC 8 in that reading.
This IS ok under the Code and Standards as long as it is disclosed, but NOT under the Asset manager code. which I find rediculous.作者: btcapital 时间: 2013-4-23 07:55
I don’t think there is a difference. It clearly says, “Schmmidt does not disclose his board service to SZR clients” in the case. And since he is receiving stock options and it is a conflict of interest, wouldn’t he need written permission from all parties involved?
