Top of the Agenda - Industry Groups

IDC's Kim on SEC rulemaking and value of dialogue, transparency

By Hillary Jackson

Tom Kim and the Independent Directors Council will continue to pursue dialogue with and push for transparency from the Securities and Exchange Commission as the regulator considers how—and whether—to move forward with its hard close, mandatory swing pricing, and liquidity management rule proposal. Kim, IDC's managing director, told Fund Board ... >> CONTINUE READING <<<

Donohue to chair MFDF board

Buddy Donohue will become chair of the Mutual Fund Directors Forum board at the start of 2023, succeeding Kay Dryden, who has been in the role since mid-2018. A lawyer, Donohue has decades of experience in the mutual fund industry, having served as an in-house counsel and in private practice, ... >> CONTINUE READING <<<

IDC elects Plouché to lead Governing Council

The Independent Directors Council has elected Cynthia Plouché as chair of its Governing Council, succeeding Kathleen Barr, who has served for two years. Plouché is an independent director for Northern Funds, where she is chair of the board's Governance Committee, and MassMutual Funds. She has chaired IDC's Diversity & Inclusion ... >> CONTINUE READING <<<

With a D&I focus, IDC launches two new initiatives

By Hillary Jackson

Independent Directors Council said this week it has formed two new partnerships designed to enhance diversity and inclusion in the mutual fund director community. Both initiatives are aimed at introducing the role of independent fund directors to a wider array of individuals and bringing together fund boards with larger networks ... >> CONTINUE READING <<<

IDC re-elects chair, adds vice chair to Governing Council

By Hillary Jackson

The Independent Directors Council this week re-elected Kathleen Barr to a second one-year term as chair of its Governing Council and elected Cynthia Plouché vice chair. Barr is an independent director for William Blair Funds and Professionally Managed Portfolios, while Plouché is an independent director for Northern Funds. Plouché is now ... >> CONTINUE READING <<<

New directors bolstering fund board diversity, says IDC

By Hillary Jackson

Mutual fund boards are hiring more women and minorities than ever before, chipping away at the percentages those groups represent within the overall independent director community, according to data newly released by Independent Directors Council. "The survey results are clear. There's more work to do to ensure that there are ... >> CONTINUE READING <<<