10 Things

10 Things...to expect of incoming fund directors

By FBV Staff

When a mutual fund board brings on a new independent director, the onboarding process can be all-encompassing (and many would argue it should be). Obviously, there is a lot to learn about serving on a fund board and about the fund complex that is overseen by the board, and there's ... >> CONTINUE READING <<<

10 Things...keeping directors up at night

By FBV Staff

Independent mutual fund directors have a long list of responsibilities related to overseeing the fund complexes under their purview. And focusing on those responsibilities isn't something that's confined to the boardroom each quarter. Individuals who serve on fund boards allocate their time and effort between meetings as well as at ... >> CONTINUE READING <<<

10 Things...to remember when overseeing sub-advisers

By FBV Staff

While sub-advisory relationships are treated no differently under the Investment Company Act of 1940 than the relationship between a mutual fund and its primary adviser, those sub-advisory relationships fall under the oversight of the fund's board and can present issues and challenges the directors may not have considered otherwise. What ... >> CONTINUE READING <<<

10 Things....small-complex fund boards are thinking about

By FBV Staff

The time will soon be here to start preparing for third- and fourth-quarter board meetings, and for those boards overseeing smaller mutual fund complexes, the issues on the agenda may be slightly different from those being considered by directors overseeing more assets. We were curious about those differences—and the similarities—so ... >> CONTINUE READING <<<

10 Things...to read in summer 2019

By FBV Staff

Hello, Summer 2019! Today's solstice marks the beginning of the season, and that—hopefully—means a slower pace for a few months. Trips to the beach, time on the porch, cookouts, days by the pool...and reading for pleasure...are all in order. For the fourth consecutive year, we've polled our friends in the ... >> CONTINUE READING <<<

10 Things...to do when vetting board candidates

By FBV Staff

Recruitment can be an exhaustive undertaking for a mutual fund board, particularly if a number of departures take place at once or in close succession. But many independent directors will say that's exactly how it should be, considering the importance of the job and of getting the right people around ... >> CONTINUE READING <<<