From the Editor...
We here at Fund Board Views, along with the rest of the market, were saddened to hear over the weekend that David Ruder passed away on Saturday. He was 90, and he lived a full life that touched all of us working in the fund governance space.
Ruder was the founding chairman of the Mutual Fund Directors Forum, where he served from 2002 to 2010. MFDF said it "considers it a privilege to have been led and influenced by David’s thoughtful vision." Nominated by President Reagan, Ruder served as SEC chairman from August 1987 to September 1989, a time period that included the 1987 stock market crash. In a statement, the SEC said "David set a fair and effective path for future generations that has stood the test of time." And Ruder was dean of Northwestern University School of Law from 1977 to 1985. Northwestern, which called Ruder "a leading scholar in corporate and securities law," published an obituary over the weekend that includes details on an upcoming memorial service.
In the news, we've got details for readers on '40 Act lawyer Stacy Louizos's new job, the elimination of a board following the merging of two Colorado fund families, the addition of an independent director in the Alliance Bernstein Funds boardroom, and a deep dive into the proposed derivatives rule from Vedder Price's Nate Segal.
Our latest 10 Things... explores what directors should know and ask about cybersecurity, and we published the latest issue of FBV Monthly, which contains all the stories we posted in December and January. We hope this monthly service has become a handy resource for you.
Hillary Jackson, founding editor