Top of the Agenda - Governance

Legg Mason plans merger of equity funds' boards
By Hillary Jackson
Legg Mason plans to merge two of the boards overseeing its open-end equity funds later this year, reducing director headcount and further consolidating fund governance at the Baltimore complex. The proposed merger, on which shareholders will vote in mid-June, follows the combination of two boards overseeing affiliate Western Asset Management ...  >> CONTINUE READING <<<

 

 

A Seat at the Table

'Join, learn, lead' motto drives fund director Cynthia Plouché
By Hillary Jackson
For Cynthia Plouché, success isn't just about her own accomplishments—which are many—but also about helping others around her, and coming up behind her, see and seize the opportunities that can lead to success. At this point in her career, those opportunities are largely centered around mutual fund board service, and ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Fund governance pros say now is time for diversity & inclusion
By Hillary Jackson
Independent mutual fund directors are more highly qualified now than at any point in history, and on many fund boards, there is a good variety of backgrounds among the professionals who serve. When it comes to gender and racial diversity, however, boards need improvement, as the vast majority of directors ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Putnam ETFs to have dedicated board
By Hillary Jackson
Putnam Investments has tapped four of the independent directors who oversee its 97 open-end mutual funds to form a separate board dedicated to oversight of the exchange-traded funds it is planning. The new board also will include one interested director. 
 
The Boston mutual fund giant announced last week that it would ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Industry Groups

New directors bolstering fund board diversity, says IDC
By Hillary Jackson
Mutual fund boards are hiring more women and minorities than ever before, chipping away at the percentages those groups represent within the overall independent director community, according to data newly released by Independent Directors Council. "The survey results are clear. There's more work to do to ensure that there are ...  >> CONTINUE READING <<<

 

 


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