Is LuxFLAG independent ?
LuxFLAG is independent and desires to remain so. – It is the intention of the Board not to open up full voting membership to the commercial investment banking community, so as to avoid conflicts of interest; – Internal rules of the association require members of the Board, and members of the Eligibility Committee (which deliberates on the merits of applicant funds), to abstain from debating or voting on the application from a fund for which they have a potential conflict of interest. LuxFLAG requires its directors and members of its Eligibility Committee to apply best practice as regards confidentiality of information submitted by applicants for the Label.
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