10 Things

10 Things...Shareholders should know about the fund board

By FBV Staff

Mutual fund boards play an important part in the industry, and independent directors serving on those boards are generally well compensated for doing so. Given the importance of the job and its cost to the funds, shouldn't fund shareholders be well versed in the board's responsibilities? What do shareholders know ... >> CONTINUE READING <<<

10 Boards...that embrace gender diversity

By FBV Staff

The number of women serving on mutual fund boards has been increasing in recent years, with the Independent Directors Council reporting in its latest member survey that 27% of the industry's independent directors are female. In honor of International Women's Day, we took a look at the boards serving the ... >> CONTINUE READING <<<

10 Things...Directors should know about D&O insurance

By FBV Staff

Mutual fund boards typically carry D&O insurance, which serves as an important protection for independent directors—particularly in the increasingly litigious environment in which they all work. But is it enough to just know it's there? Or should individual directors, and boards as a whole, have all the details of the ... >> CONTINUE READING <<<

10 Things...Bogle contributed to funds, fund governance

By FBV Staff

When the news hit on Wednesday, Jan. 16, that Jack Bogle had died at the age of 89, an immediate outpouring of condolences, remembrances, and tributes quickly followed. Bogle, known as the Father of Index Investing, had founded Vanguard Group in the mid-1970s and was a formidable presence in the ... >> CONTINUE READING <<<

10 Things...Boards have on 2019 radar

By FBV Staff

With the end of 2018 clearly in sight, mutual fund boards are looking ahead to 2019 and the issues with which they'll likely have to deal during the coming year and those that are likely to be topics of discussion among directors. Individual boards will face individual challenges—those specific to ... >> CONTINUE READING <<<

10 Things...to consider when assessing profitability

By FBV Staff

Independent mutual fund directors are required to assess the reasonableness of the profits the management company earns from its advisory contract. It’s a challenging task, since no comparable fund-level data is publicly available and there’s no industry standard way to calculate profitability. It’s important to note that the board’s job ... >> CONTINUE READING <<<