A Seat at the Table

Hancock's McClellan on building a better board
By Hillary Jackson
John Hancock Funds Chairman Hassell McClellan is a Boston guy these days, so when he thinks about succession planning in the boardroom he leads, he points to the Boston Celtics basketball franchise and the New England Patriots organization as the standard bearers. "We want to build our board like the Celtics ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Succession

Three original Dimensional Funds directors to retire, five new nominated
By Hillary Jackson
The board overseeing Dimensional Fund Advisors' mutual funds and exchange-traded funds is expected to go through some changes at the end of this year, as three original directors retire—including the board's chairman and lead independent director—and five new members are slated to join. Shareholders will vote on the new additions ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Legal

'Closet indexing' suit targets American Century, fund board
By Hillary Jackson
A class-action suit filed earlier this month that alleges so-called closet indexing targets American Century Investment Services and several affiliated entities, as well as the directors and some officers of the mutual fund at the center of the case. Plaintiffs maintain they paid fees for active management they did not ...  >> CONTINUE READING <<<

 

 

A Seat at the Table

RBB Fund chair aims to 'field best team' in boardroom
By Hillary Jackson
The board of series trust RBB Fund spent more than a year recruiting and hiring its newest director, and independent Chairman Arnold Reichman says he and his fellow directors remain in recruitment and succession planning mode. With an aging board population and a growing, evolving asset base, it makes sense ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Industry Groups
With a D&I focus, IDC launches two new initiatives

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 ...