Public Trust

Public trust in is the degree to which the public believes that business will act in a particular manner because the business has included the public’s interest into its own. It is a critical ingredient for social cooperation and market efficiency and a cause for deep concern when it is absent or threatened. Meristem Trustees acts as Trustees to:

FOUNDATION, CHARITIES AND ENDOWMENTS
COLLECTIVE INVESTMENT SCHEME, UNIT TRUST SCHEME, ETC
In order to achieve regulatory compliance and Investors protection, we act as Trustees to unit holders. Specifically, we monitor the Fund Manager’s activities to ensure compliance with the Trust Deed, Prospectus and relevant regulations.

We also perform the following roles:
  • Monitor and maintain register of unit holders.
  • Ascertain that monthly and other periodic returns/reports relating to the scheme are sent to the regulators by the Fund Manager.
GOVERNMENT BONDS
With respect to Government Bonds, we primarily hold the security and perform the administrative functions required under the conditions for the bond in line with applicable regulatory requirements.

This will include;
  • Establishing the accounts related to the bonds.
  • Invoicing the Issuer for the debt service payments and holding funds until dispersed.
  • Maintaining a list of bond holders.
  • Representing the interests of bondholders in the event of a default.
  • Any other function as may be necessary to achieve identified objectives.