AI in the Boardroom

10 Things...boards can expect from AI

By FBV Staff

As the fund industry continues actively exploring the potential for artificial intelligence, AI and issues related to how the technology will change the industry are becoming top of mind in fund boardrooms. Intellectual curiosity among independent directors is beginning to give way to practical analysis and preparation for the future. ... >> CONTINUE READING <<<

Sub-Adviser AI Oversight: Focus on what matters

By Joyce Li, CFA

Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, yet the widespread adoption and increasing sophistication of artificial intelligence (AI) and related technologies now embedded in investment processes, operational functions, and compliance systems ... >> CONTINUE READING <<<

Approaching AI: How fund boards can explore new systems

By Hillary Jackson

As the mutual fund industry explores and begins to embrace the potential for artificial intelligence and starts implementing AI tools in various processes, fund independent directors are among those delving into the technology. According to professionals who work with fund boards, directors are intellectually curious about AI and excited about ... >> CONTINUE READING <<<

SEC: Record penalties, fees in FY'24, enforcement actions drop

The Securities and Exchange Commission collected a record $8.2 billion in penalties and fees during its most recent September-ending fiscal year, even as the number of enforcement actions fell by 26% to 583 in total. SEC Chairman Gary Gensler attributed the drop in enforcement actions to the Division of Enforcement's ... >> CONTINUE READING <<<

NB Funds adds retired general's international, cyber, AI expertise

By Hillary Jackson

Neuberger Berman Funds has filled a seat vacated last June when independent director and retired naval officer Admiral James Stavridis stepped off the board after serving for nine years. Despite the addition, the board will continue to operate at a smaller size starting in January, as there are no immediate ... >> CONTINUE READING <<<

SEC's exam priorities are 'roadmap' for fund boards

By Hillary Jackson

The Securities and Exchange Commission has released its examinations priorities for 2025, and industry lawyers told Fund Board Views the 22-page document should serve as a roadmap of sorts for mutual fund boards as they plan out their own priorities for the coming year. "Boards of directors should take the ... >> CONTINUE READING <<<