A Seat at the Table

Neuberger board faces high turnover, succession planning

By Hillary Jackson

The Neuberger Berman Funds boardroom will experience a 50% turnover in members between the ends of 2024 and 2027, as four independent directors—including Chair Tom Seip—will hit the board's mandatory retirement age during that three-year period. "As such, succession planning is very much on our minds," Seip told Fund Board ... >> CONTINUE READING <<<

Hancock board brings in players strong on fundamentals

By Hillary Jackson

Three new independent directors and one new interested director began onboarding this morning at the start of John Hancock Funds' third-quarter board meeting. The four were elected by shareholders earlier this month and are part of an ongoing succession planning effort spurred by a series of retirements.

In the span of ... >> CONTINUE READING <<<

MassMutual Funds boosts age, race, background diversity

By Hillary Jackson

Susan Sweeney, independent chair of MassMutual Funds, is looking forward to heading to Boston in September for the board's first in-person meeting since December 2019—provided it goes ahead as planned. The group around the table will look a little different, as three new independent directors will be attending their first-ever ... >> CONTINUE READING <<<

Morningstar Funds board 'clicks' with newest director

By Hillary Jackson

The Morningstar Funds board has added a new independent director, following a roughly year-long search and after experiencing a difficult loss along the way. Timothy Reese attended his first quarterly meeting last week, bringing technology know-how, as well as investment management and executive experience to the group. "We just clicked ... >> CONTINUE READING <<<

Janus Henderson Funds: Returning to 'normal' in face of change

By Hillary Jackson

As things begin to return to normal in the Janus Henderson Funds boardroom, now that the worst of the pandemic seems to be over, there remains some uncertainty ahead while the board searches for new directors, and new executives enter the c-suite at the adviser. The board is seeking two ... >> CONTINUE READING <<<

New American Century KC chair focused on reg changes, 'new normal'

By Hillary Jackson

As the new independent chair of American Century Investments' Kansas City-based funds board looks ahead to this year, she expects much of her focus to be on the regulatory landscape and the "new normal" in which her board, and others, are now operating. "I think it is fair to say ... >> CONTINUE READING <<<