According to “Examining the use of investment policy statements” by Fraser & Jennings, (2010) an investment policy statement (IPS) shall be reviewed periodically, at least annually, or as circumstances warrant, and may be amended by the government to reflect changes in financial conditions, regulations, or investment objectives. The IPS shall be communicated to relevant stakeholders, including elected officials, staff members involved in investment management, and the public, to ensure transparency and understanding of investment policies and practices. What role does transparency play in the communication of an IPS?
What role does transparency play in the communication of an investment policy statement
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