A Seat at the Table

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 <<<

Neuberger board faces high turnover, succession planning

By Hillary Jackson

The Neuberger Berman Funds boardroom will experience a 50% turnover in members between the ends of 2024 and 2027, as four independent directors—including Chair Tom Seip—will hit the board's mandatory retirement age during that three-year period. "As such, succession planning is very much on our minds," Seip told Fund Board ... >> CONTINUE READING <<<

Hancock board brings in players strong on fundamentals

By Hillary Jackson

Three new independent directors and one new interested director began onboarding this morning at the start of John Hancock Funds' third-quarter board meeting. The four were elected by shareholders earlier this month and are part of an ongoing succession planning effort spurred by a series of retirements.

In the span of ... >> CONTINUE READING <<<

MassMutual Funds boosts age, race, background diversity

By Hillary Jackson

Susan Sweeney, independent chair of MassMutual Funds, is looking forward to heading to Boston in September for the board's first in-person meeting since December 2019—provided it goes ahead as planned. The group around the table will look a little different, as three new independent directors will be attending their first-ever ... >> CONTINUE READING <<<