10 Things

10 Things…Boards may consider, ask in coronavirus discussions

By Lori Schneider, K&L Gates LLP

The concerns stemming from the spread of coronavirus, or COVID-19, raise a number of questions for fund directors who have fiduciary responsibilities to oversee fund operations and the adviser’s risk management of the funds. Boards should make sure directors are getting appropriate information and updates from fund advisers about the ... >> CONTINUE READING <<<

10 Things...Facing boards in the 'Roarin' 20s'

By FBV Staff

Mutual fund boards and the markets in which they operate have changed a lot since the dawn of the new century two decades ago. The makeup of individuals who sit around the table in the nation's fund boardrooms is more diverse by almost every measure, and the issues with which ... >> CONTINUE READING <<<

10 Things...Boards should be asking about cybersecurity

By FBV Staff

The Securities and Exchange Commission's Office of Compliance Inspections and Examinations this month published a new report, Cybersecurity and Resiliency Observations. "Through thousands of examinations of broker-dealers, investment advisers, clearing agencies, national securities exchanges and other SEC registrants, OCIE has observed various industry practices and approaches to managing and combating ... >> CONTINUE READING <<<

10 Things...Boards will face in 2020 (and beyond)

By FBV Staff

The end of the decade is just weeks away, and mutual fund boards are looking ahead to 2020 and the issues and challenges that may land on their meeting agendas in the coming year and beyond. Of course, each board will face issues specific to the fund complex it oversees ... >> CONTINUE READING <<<

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 <<<