Top of the Agenda - Legal

BlackRock 36(b) win affirmed by appeals court
By Hillary Jackson
The U.S. Court of Appeals for the Third Circuit has affirmed two lower court decisions in favor of the defendant in an excessive fees case against BlackRock, effectively ending litigation that dates back to 2014. When the case went to trial in August 2018, it was the first time the ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Succession

BMO Funds to attain gender parity with two new directors
By Hillary Jackson
The board of BMO Funds expects to add two new independent directors to its ranks come September, doubling the number of women in the boardroom and achieving a 50-50 gender balance. The two will fill seats vacated by directors who have hit the board's mandatory retirement age of 75, provided ...  >> CONTINUE READING <<<

 

 

A Seat at the Table

Wyderko rode out change, challenges with boards
By Hillary Jackson
The decade and a half that Susan Wyderko has spent working with mutual fund boards has been marked by change—in the issues, the marketplace, and those occupying the boardrooms. "There's been such a lot of change in the time that I've been at the [Mutual Fund Directors] Forum," Wyderko told ...  >> CONTINUE READING <<<

 

 

Added Perspective

SEC looks for boards to focus on pricing when it matters most
By Deloitte
On April 21, the Securities and Exchange Commission proposed rule 2a-5 under the Investment Company Act of 1940. The proposed rule is the culmination of years of SEC outreach and speculation designed to provide boards and investment advisers of registered investment companies with a consistent, modern approach to the determination ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Recruiting in the time of coronavirus
By Hillary Jackson
Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during the time of stay-at-home orders is recruitment. Much of the early leg work in identifying director candidates can be conducted over virtual platforms, but ...  >> CONTINUE READING <<<

 

 


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Most Read

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...
Top of the Agenda - Legal
 Greene, Baris join Sidley Austin funds group

Mutual fund industry lawyers Nathan Greene and Jay Baris today have joined Sidley Austin's LLP's New York office as partners in the Investment Funds group. Both ...