10 Things

10 Things...Boards will be talking about this fall
By FBV Staff
At this point in the summer, mutual fund boards are busy planning their fall meetings. That means prioritizing the issues that need attention and focus during their final two quarterly meetings of the year. In an effort to determine common themes among fund boards, we asked independent directors and the ...  >> CONTINUE READING <<<

 

 

10 Things...Boards should consider in midst of M&A
By FBV Staff
Merger & acquisition activity in the asset management business has been ticking up for years, and it doesn't look to be slowing down anytime soon. And although the fund board perhaps should not be involved in specific M&A negotiations around issues such as financial terms of a deal, the fund ...  >> CONTINUE READING <<<

 

 

10 Things...Boards should consider about self-assessments
By FBV Staff
Mutual fund boards must conduct annual self-assessments. There are a variety of ways to complete this task and no real consensus on which is the best or most effective approach. However, the goals of the exercise—to strengthen directors’ understanding of their role, identify potential weaknesses and/or areas in need of improvement, and ...  >> CONTINUE READING <<<

 

 

10 Things...to help strengthen board-CCO relationship
By FBV staff
One of the most important relationships in the boardroom is the one between independent directors and the funds' chief compliance officer. It involves the sharing of critical information and, ideally, it is one of mutual support. But it takes work—and time—to ensure the board-CCO relationship is effective and productive. We ...  >> CONTINUE READING <<<

 

 

10 Things...Boards should ask about SEC conflict rules
By FBV staff
The Securities and Exchange Commission this week proposed a package of rulemakings and interpretations designed to address broker-dealers' and investment advisers' conflicts of interest with regard to dispensing investment advice. Regulation Best Interest would cover all types of investor accounts rather than just the retirement savings accounts covered by the ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Regulatory
SEC ETF rule proposal likely on boards' fall agendas

Boards overseeing exchange-traded funds—or working with advisers that plan to enter the ETF market—are likely to spend time at their third- and fourth-quarter meetings familiarizing themselves ...
Top of the Agenda - Legal
 Appeals court upholds 2016 AXA ruling

The U.S. Court of Appeals on Tuesday affirmed a lower court decision in favor of the defendants in an excessive fees case against AXA Equitable Life ...