Top of the Agenda - Succession

Value Line Funds board nominates two
By Hillary Jackson
Two individuals have been nominated to join the board overseeing Value Line's seven equity and fixed-income mutual funds. If the two nominees are elected, they will fill one seat that opened following the death of an independent director a year ago and another that will open up when a long-serving ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Compensation

IDC: Fund directors see smaller pay increase in 2023
By Hillary Jackson
Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained by Fund Board Views. Across a group of nearly 1,300 independent directors surveyed by Independent Directors Council, the median year-on-year increase last year was ...  >> CONTINUE READING <<<

 

 

10 Things

10 Things...to consider about alts
By FBV Staff
Alternative investment strategies have been on the rise in recent years as traditional mutual fund firms move to diversify their offerings, look to benefit from the growth and fee streams in these markets, and appeal to new segments of the investing public. Such developments should be discussed in the fund ...  >> CONTINUE READING <<<

 

 

A Seat at the Table

MFDF's McPhillips: 'It was time' to jump into the present
By Hillary Jackson
It's been 22 years since Mutual Fund Directors Forum was formed to answer a call from Securities and Exchange Commission Chairman Arthur Levitt for improved mutual fund governance and better education of fund directors. In that time, assets under management in funds have grown from about $6.4 trillion to $25.5 ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

AllianceBernstein to move to unitary board in 2025
AllianceBernstein Funds are moving to a unitary board structure, consolidating two separate boards into one with six independent and two interested directors overseeing all 94 open-end, closed-end, and exchange-traded funds. The move reduces the overall number of directors by almost half, as seven current directors will step off at year-end ...  >> CONTINUE READING <<<

 

 


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10 Things
10 Things...on the regulatory agenda

The Securities and Exchange Commission has been accused of "over-regulation" in recent years as it has proposed and finalized dozens of rules in a relatively short ...