10 Things

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 <<<

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 <<<