10 Things

10(+1) Women...who joined a fund board in the past year

By FBV Staff

Women have made great strides in recent years in the mutual fund board space, making up nearly half of all new independent directors in 2021 (47%, versus 41% in 2020), according to the most recent data from Independent Directors Council. Overall, women occupied about one-third of total independent board seats ... >> CONTINUE READING <<<

10 Things...Boards said about hard close, swing pricing proposal

By FBV Staff

The Securities and Exchange Commission proposed its hard close, mandatory swing pricing, and liquidity rule in November, stating it would "better prepare open-end funds for stressed conditions" and "mitigate dilution of shareholders' interests." By the time the comment period ended in mid-February, hundreds of letters had been submitted to the ... >> CONTINUE READING <<<

10 Things...Boards will face in 2023

By FBV Staff

As mutual fund board members look forward to 2023, which is just around the corner, they are faced with a number of challenges and tasks unique to current market conditions and the current regulatory environment. We asked independent fund directors and individuals who work closely with fund boards to tell ... >> CONTINUE READING <<<

10 Things...We're thankful for this year

By FBV Staff

So much has happened in the world in the past several years that has (hopefully) made all of us think about what we have, while also appreciating what we've lost. As we prepare to head into the long Thanksgiving Day weekend, it seems appropriate to reflect upon the things for ... >> CONTINUE READING <<<

10 Things...to consider when succession planning

By FBV Staff

Succession planning is something all mutual fund boards do—some more often than others in recent years as scores of board members who have served for decades have begun hitting mandatory retirement ages. Though the task can seem overwhelming, it is manageable since these types of departures are planned years in ... >> CONTINUE READING <<<

10 Things...to know about the adviser's strategy

By FBV Staff

While mutual fund boards do not oversee the advisers of the funds under their purview, boards do work closely with advisers. Therefore, it's important for the board to understand the adviser's strategy, since the way the adviser approaches the market—and the resource levels it commits to specific initiatives—affects the funds ... >> CONTINUE READING <<<