Top of the Agenda - Succession

Three original Dimensional Funds directors to retire, five new nominated
By Hillary Jackson
The board overseeing Dimensional Fund Advisors' mutual funds and exchange-traded funds is expected to go through some changes at the end of this year, as three original directors retire—including the board's chairman and lead independent director—and five new members are slated to join. Shareholders will vote on the new additions ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Legal

'Closet indexing' suit targets American Century, fund board
By Hillary Jackson
A class-action suit filed earlier this month that alleges so-called closet indexing targets American Century Investment Services and several affiliated entities, as well as the directors and some officers of the mutual fund at the center of the case. Plaintiffs maintain they paid fees for active management they did not ...  >> CONTINUE READING <<<

 

 

A Seat at the Table

RBB Fund chair aims to 'field best team' in boardroom
By Hillary Jackson
The board of series trust RBB Fund spent more than a year recruiting and hiring its newest director, and independent Chairman Arnold Reichman says he and his fellow directors remain in recruitment and succession planning mode. With an aging board population and a growing, evolving asset base, it makes sense ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Foregoing individual evals, fund boards favor board-level reviews
By Hillary Jackson
Mutual fund boards are required by the Securities and Exchange Commission to perform annual self-assessments and make a record of the related discussions in meeting minutes, but there is little otherwise prescribed about the process. And unlike corporate boards, fund boards continue to focus on board-level reviews rather than targeting ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Industry Groups
With a D&I focus, IDC launches two new initiatives

Independent Directors Council said this week it has formed two new partnerships designed to enhance diversity and inclusion in the mutual fund director community. Both initiatives ...