Chapter 22:20 Sovereign Wealth Fund of Zimbabwe Act 10/2013 (b) GAPP 19.2 Sub-principle The management of an SWF’s assets should be consistent with what is generally accepted as sound asset management principles. GAPP 20 20. The SWF should not seek or take advantage of privileged information or inappropriate influence by the broader government in competing with private entities. GAPP 21 21. SWFs view shareholder ownership rights as a fundamental element of their equity investments' value. If an SWF chooses to exercise its ownership rights, it should do so in a manner that is consistent with its investment policy and protects the financial value of its investments. The SWF should publicly disclose its general approach to voting securities of listed entities, including the key factors guiding its exercise of ownership rights. GAPP 22 22. The SWF should have a framework that identifies, assesses, and manages the risks of its operations. (a) GAPP 22.1 Sub-principle The risk management framework should include reliable information and timely reporting systems, which should enable the adequate monitoring and management of relevant risks within acceptable parameters and levels, control and incentive mechanisms, codes of conduct, business continuity planning, and an independent audit function. (b) GAPP 22.2 Sub-principle The general approach to the SWF’s risk management framework should be publicly disclosed. GAPP 23 23. The assets and investment performance (absolute and relative to benchmarks, if any) of the SWF should be measured and reported to the owner according to clearly defined principles or standards. GAPP 24 24. A process of regular review of the implementation of the GAPP should be engaged in by or on behalf of the SWF. Interpretation 25. In this Schedule― “GAPP” means Generally Accepted Principles and Practices; “SWF” means Sovereign Wealth Fund. 26