Code of Conduct

The Code of Conduct of the Group of The Directors' Office is based on the principle of “Comply or Consult and Explain”.  It is applicable to all mandates held by our Associates, including TDO and TDO Management Company.

The areas covered by the code of conduct are as follows: Complete document here

1.

Functions of directors

2.
Fiduciary duties
3.

Composition of board:

  • Collective & individual competence
  • Independence
  • Plus strategic coherence.
4.
Frequency of meeting / agenda
5.
Commitment and availability
6.
Joint exercise of activities: the “four eyes” principle.
7.
The role of board committees
8.
Adequacy of resources
9.
Diligence and prudence
10.
Independence
11.
Conflict of interest
12.
Transparency and
compatibility of mandates
13.
Continuity
14.
Insurance
15.
Confidentiality
16.
Adhesion to other codes of conduct
17.
Assessment
18.
Induction and continuing education
19.
Fair practices
20.
Commitment between board members and the company.

Governance chart

New dimension in fund servicing in Luxembourg: Mercuria Services S.A. & The Directors' Office S.A. merge to form MDO Services S.A.

The Boards of Mercuria Services S.A. & The Directors’ Office S.A. are delighted to
announce the upcoming merger of their companies to create a single entity called
MDO Services S.A. The shares of the new company will represent a 50:50 allocation between Mercuria Services S.A. and The Directors’ Office S.A.’s existing shareholders.
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New Associate & New Risk Managers join The Directors’ Office

The Group of The Directors’ Office is delighted to welcome Hanna Duer who joins us as Associate of our firm in May 2008.

The Directors’ Office is pleased to welcome Cecilia Lazzari and Riccardo del Tufo who join us as Risk
Managers strengthening our established team of risk professionals.
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New Associates & New Risk Manager join The Directors’ Office

The Group of The Directors’ Office is delighted to welcome Richard Goddard and
Bernard Herman who join us as Associates of our firm in September 2007.

The Directors’ Office is pleased to welcome Francesca Gigli who joins us as Risk
Manager strengthening our established team of risk professionals.
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News from the Group The Directors' Office - CSSF issues Circular 07/308 on Risk Management & the Uses of Derivatives

On 2nd August 2007 the CSSF issued a key circular on financial risk management and the use of derivative instruments by UCITS.  The Circular, which expands upon, clarifies and replaces Circular 05/176, is to be implemented by all UCITS vehicles by the end of this year at the latest. Read more...