A Seat at the Table

IDC, MFDF team up to move board diversity convo forward
By Hillary Jackson
In two weeks' time, independent mutual fund directors will gather in New York to discuss issues related board composition and diversity in the boardroom. The directors—and certain "board-ready" candidates—will be hosted jointly by Independent Directors Council and Mutual Fund Directors Forum, a first-ever collaboration between the two industry groups. "On diversity, ...  >> CONTINUE READING <<<

 

 

First American MMFs board starts year with busy agenda
By Hillary Jackson
The board of First American Money Market Funds has a busy start to the year, with a new independent chairman in place, two trustees in the process of onboarding, and compliance dates for the latest iteration of the Securities and Exchange Commission's money market fund reforms on the horizon. Kelly ...  >> CONTINUE READING <<<

 

 

New Advisors Series Trust chair looks to 2024 and beyond
By Hillary Jackson
David Mertens, the new independent chair of Advisors Series Trust, has a lot on his mind as he looks ahead to 2024 and beyond. Recruitment, succession planning, the increasingly complex regulatory environment, and growth are among the most pressing issues on the board's agenda. And while some of these concerns ...  >> CONTINUE READING <<<

 

 

NB Funds gets ahead of game with two new hires
By Hillary Jackson
The Neuberger Berman Funds board has gotten a jump on succession planning with the addition of two new independent directors and will operate at a larger-than-normal size for the next couple of years. Four independent directors will retire between year-end 2024 and year-end 2027, so the board has time to ...  >> CONTINUE READING <<<

 

 

iMPG Funds names Allecta first independent chair
By Hillary Jackson
The board overseeing iMPG Funds (formerly Litman Gregory Asset Management's PatnerSelect Funds) has named an independent chair for the first time, one of the many new governance practices that have been put in place and/or strengthened over the past couple of years. Veteran independent director Julie Allecta, who had been ...  >> CONTINUE READING <<<

 

 

SSGA Funds chair on remaining constant amidst change
By Hillary Jackson
Three new independent directors have joined the State Street Global Advisors Funds board in the past six months—one just a little over a week ago—and Chairman Patrick Riley told Fund Board Views that the dynamic in the boardroom has remained constant. That dynamic has certainly been tested in recent years, ...  >> CONTINUE READING <<<

 

 


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10 Things
10 Ways…to improve fund board diversity

Mutual fund directors are increasingly interested in enhancing diversity on their boards. The following practical tips on improving board diversity are derived from discussions with directors, ...