Top of the Agenda - Governance

SSGA shakes up fund boards, streamlines governance
By Hillary Jackson
State Street Global Advisors is looking to consolidate mutual fund oversight and governance by bringing the fund board it acquired two years ago with GE Asset Management into alignment with its own mutual fund board. Nearly all of the members of the two boards will be same, with a few ...  >> CONTINUE READING <<<

 

 

Boards, CCOs have plenty to talk about through year-end
By Mike Schnitzel
As the end of the year approaches, there are several issues that are likely to come up for discussion between chief compliance officers and mutual fund board members. These include rules having to do with liquidity and exchange-traded funds, the possible revisiting of rulemaking on the use of derivatives, working ...  >> CONTINUE READING <<<

 

 

Deloitte survey: Industry, boards get more innovative
By Hillary Jackson
The mutual fund industry is beginning to invest in and use more data analytics, offshoring and/or robotics process automation to improve the valuation process, with about one-third of those surveyed recently by Deloitte saying they'd either already adopted these new technologies or were looking at ways to implement them. "I ...  >> CONTINUE READING <<<

 

 

Diligent addresses governance needs with 'Cloud' add-ons
By Hillary Jackson
When mutual fund boards first began making the transition from paper to electronic board books about 10 years ago, the biggest initial hurdle was just getting used to navigating and relying on the portals that provided access to meeting materials. As with most new technology, some fund directors embraced it ...  >> CONTINUE READING <<<

 

 

Ultimus's Capitol Series Trust doubles board size
By Hillary Jackson
The board overseeing Capitol Series Trust has added three new independent directors, a move that has doubled the size of the board and created a 50-50 male-to-female balance in the boardroom. Dina Tantra, president and CEO of the trust, told Fund Board Views the expansion was in response to anticipated ...  >> CONTINUE READING <<<

 

 

ICI Mutual: Litigious 'new normal' environment to continue
By Hillary Jackson
The litigious environment in which the mutual fund industry operates is a "new normal" that is likely to continue, which means advisers and the boards that oversee their funds remain increasingly vulnerable to civil lawsuits, regulatory enforcement proceedings, and risks associated with operational errors, according to ICI Mutual's latest annual ...  >> CONTINUE READING <<<

 

 


Most Read