10. The accountability framework for the SWF’s operations should be clearly defined in the relevant legislation, charter, other constitutive documents, or management agreement.
The following is an extract from the QIA policy, “Mission, Values and Governance,” adopted by the QIA Board of Directors on 15/09/2008:
Implementation of QIA’s mission is the responsibility of the QIA Board which is appointed by His Highness the Emir.
The QIA Board has established the framework for QIA’s operations through appropriate policies, including (but not limited to) investment policies, risk management policies and a Code of Conduct.
The QIA Board provides strategic guidance for QIA and monitors QIA executive management.
The QIA Chief Executive Officer, together with the management team, is responsible for the day-to-day management of QIA.
Business decisions are the sole responsibility of the QIA Board and QIA’s executive management.Qatar’s government does not interfere in the QIA’s investment, divestment or other business decisions.
The State Audit Bureau monitors and audits QIA’s accounts.