Top of the Agenda - Compensation

IDC study: Director pay up more than 5% in 2022
By Hillary Jackson
Independent mutual fund directors earned more in 2022 than they did in 2021, according to industry data obtained by Fund Board Views. The year-on-year increase—a median of 5.7% and average of 5.5%—returned to levels seen before 2021 when uncertainty in the markets and continuing COVID-related issues may have caused boards ...  >> CONTINUE READING <<<

 

 

MPI: Fund CCO pay down in 2022, in line with markets
By Hillary Jackson
Mutual fund chief compliance officer compensation was slightly down in 2022 after years of annual increases, with average pay returning to 2020 levels, according to new figures from Management Practice Inc. The drop last year is most likely attributable to market performance, MPI Partner Jay Keeshan told Fund Board Views.
 
MPI ...  >> CONTINUE READING <<<

 

 

MPI survey: Pay up in 2022, gender diversity improving
By Hillary Jackson
Independent mutual fund directors, on average, took home more pay in 2022 than they did the year prior, according to new figures from Management Practice Inc. After years of pared-back or non-existent raises during the COVID-19 pandemic, last year's 6.4% increase may reflect efforts to catch up and realign compensation ...  >> CONTINUE READING <<<

 

 

IDC: Directors see modest pay increase in 2021
By Hillary Jackson
Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board Views. Total compensation for the 1,292 board members including in the Independent Directors Council 2022 Directors Practices Study rose at a median rate ...  >> CONTINUE READING <<<

 

 

MPI survey: Fund CCO pay ticks up in 2021
By Hillary Jackson
Mutual fund chief compliance officers again saw an increase in pay in 2021, experiencing a bigger jump last year than in the year before, when the COVID-19 pandemic disrupted the way the fund industry worked and caused some initial volatility in the financial markets, according to new data from Management ...  >> CONTINUE READING <<<

 

 

MPI: Board pay up slightly, setting rates more complex
By Hillary Jackson
Average compensation for independent mutual fund directors ticked up in 2021, though "movement" in the industry is proving that numerous factors should be considered when setting and reviewing pay rates, according to Jay Keeshan, a partner at Management Practice Inc. In the past several years, sizable jumps in assets under ...  >> 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, ...