A Seat at the Table

Ariel Funds LID: Be intentional about board diversity
By Hillary Jackson
The board overseeing Ariel Funds is among the most diverse in the business, when measured by gender, race, and background/skills. And while it may seem like achieving this would be somewhat easier given the funds' adviser—Ariel Investments is the largest African American asset manager in the country—the board's leadership has ...  >> CONTINUE READING <<<

 

 

A quick look back, after 45 years in the fund business
By James H. Bodurtha, retired fund director
The late-day trading and market-timing scandal at a number of mutual funds in the fall of 2003 was a seminal moment in fund governance. In the words of the then-head of the Investment Management Division at the Securities and Exchange Commission, the scandal was "a mile wide and an inch ...  >> CONTINUE READING <<<

 

 

Mandatory retirement? AB Funds thinks it might not be necessary
By Hillary Jackson
Five of the seven independent directors overseeing Alliance Bernstein's 94 mutual funds are 70 years old or older, and Chairman Marshall Turner is just fine with that. A robust self-assessment process and regular, intentional refreshment keep the board functioning at its highest level and can alleviate the need for a ...  >> CONTINUE READING <<<

 

 

Thrivent forms board to oversee new interval fund
By Hillary Jackson
Thrivent Financial is entering the interval fund business and has assembled a new board to oversee its first offering, the soon-to-be-launched Thrivent Church Loan & Income Fund. George Morriss will serve as independent chairman, and he told Fund Board Views in an interview that the board is seeking one or ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Industry Groups
IDC's Amy Lancellotta to retire at year-end

Amy Lancellotta will retire from the Independent Directors Council at the end of this year after 13 years as managing director and a total of 30 ...