Added Perspective

OppenheimerFunds' Fink tackles changing role of directors

May 25, 2016

By Matthew P. Fink and Jacqueline Edwards

Matt Fink (pictured, left), an independent director on the Oppenheimer Funds New York board, and Jacqueline Edwards (pictured, right), an associate at Kramer Levin, explore the evolution of fund directors' responsibilities over time—starting back nearly a century ago when investment companies became popular in the 1920s—in the recently published "The Changing Role of Independent Directors of Mutual Funds." In the piece, Fink and Edwards conclude that "it would be worthwhile every once in a while for the SEC to step back and look at directors’ responsibilities as a whole" and urge the agency to hold a roundtable focused on directors’ responsibilities.

 

To read the full article, please click here.

 

 

Most Read

Top of the Agenda - Compensation
Fund CCOs continue to see pay increases

Mutual fund chief compliance officers saw notable increases in pay again in 2018, though they did not receive as big a pay bump as they did ...

10 Things
10 Things...to read in summer 2019

Hello, Summer 2019! Today's solstice marks the beginning of the season, and that—hopefully—means a slower pace for a few months. Trips to the beach, time on ...

A Seat at the Table
Invesco Funds board finalizes succession plans

The Invesco Funds board will name Christopher Wilson vice chairman at its June meeting, making him the heir apparent to long-serving independent Chair Bruce Crockett. Crockett ...