Top of the Agenda - 15(c)

Will remote 15(c) meetings lead to better practices?

By Hillary Jackson

For many of the nation's mutual fund boards, it's 15(c) season. In the current environment, that means independent directors and counsel are grappling with completing the process of approving and renewing advisory contracts in a virtual setting, when folks can't step off to the side and have a quick conversation ... >> CONTINUE READING <<<

Boards: Do you need an independent 15(c) consultant?

By Hillary Jackson

Should mutual fund boards bring in independent third parties to assist with the annual process of reviewing and approving advisory contracts? An increasing number of boards are doing just that, and there are a variety of reasons driving this growing trend.

The 15(c) process, which includes approving advisory fees, is ... >> CONTINUE READING <<<

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Top of the Agenda - Succession
Invesco Funds aims to add two independent, two interested directors

Invesco Funds expects to add two new independent and two new interested directors to its boardroom early in 2024, following a shareholder vote that also will ...

Top of the Agenda - Governance
TIAA, Nuveen fund boards propose unitary structure

The boards overseeing TIAA's 88 and Nuveen Investments' 135 mutual funds plan to merge into a singe entity, nine years after TIAA acquired Nuveen for $6.25 ...

Top of the Agenda - Governance
New IDC data: Diversity takes hold in fund boardrooms

Mutual fund boardrooms are more diverse than ever, with the percentage of women and individuals representing a racial or ethnic minority group increasing annually—and at a ...

Top of the Agenda - Compensation
IDC study: Director pay up more than 5% in 2022

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 ...