In the Margins
In Morningstar's Rekenthaler Report column, John Rekenthaler maintains that mutual fund directors are held to a lower standard of fiduciary duty than 401(k) plan sponsors are. Rekenthaler, in analyzing a recent excessive fees case, maintain that directors do not act solely on behalf of fund shareholders, but also are beholden to the advisers of the funds they oversee. Read the original story from Morningstar.
Most Read
Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...
Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...
A majority of independent mutual fund directors did not see a significant increase in compensation last year, particularly if they served on one of the largest ...
The world has been turned upside down in the past two months, and it remains unclear if things will ever go back to what we considered ...