Top of the Agenda - Governance

Franklin Templeton ETFs name independent chair, enlarge board
By Hillary Jackson
The Franklin Templeton ETF Trust board has named an independent chair for the first time since forming in 2016 and has added a fourth independent director to the boardroom. Rohit Bhagat, who has served as lead independent director for the past eight years, succeeded Jennifer Johnson, CEO and president of ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Industry Groups

IDC elects new chair: Allspring Funds' Ebsworth
The Independent Directors Council said Wednesday that William Ebsworth, an independent director of Allspring Funds, has been elected chair of its Governing Council. He succeeds Cynthia Plouché, who has served in the position for the past two years. Ebsworth joined the Allspring Funds board in 2015 (then branded Wells Fargo ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Succession

PIMCO Funds to add three as retirements loom
By Hillary Jackson
The board overseeing PIMCO's more than 160 open-end mutual funds has nominated three new individuals to serve as independent directors as it prepares for retirements in the next several years. Provided shareholders elect the three in early December, the board will increase in size temporarily to eight independent and two ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Legal

Stradley bolsters IM with '40 Act vets from Proskauer
By Hillary Jackson
Stradley Ronon added "years and years" of experience and expertise to its investment management practice on Monday with the addition of three veterans of the '40 Act space, said Bruce Leto, partner and former long-term chair of the practice. Stuart Coleman, David Stephens, and William MacGregor joined as partners in ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Governance
Fund boards find diversity efforts pay off

Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...