Top of the Agenda - Governance

Tokenization Devolpments: Incremental Change for Fund Boards
By FBV Staff
Recent developments involving the New York Stock Exchange, recent staff statements from the U.S. Securities and Exchange Commission, and an application filed by F/M Investments are bringing renewed attention to tokenization in the registered fund industry. For fund boards, however, the central question is whether these signals represent a structural ...  >> CONTINUE READING <<<

 

 

Viewpoints: 10 years of insight for fund directors
By Hillary Jackson
FBV values industry voices and alternative points of view, which is why we added Viewpoints 10 years ago when we were starting up and defining what we'd be able to contribute to the fund governance space. Those voices help frame certain topical issues from the "inside," they explain subject matter ...  >> CONTINUE READING <<<

 

 

SEC’s ETF share class move to spur board talks, planning
By Hillary Jackson
The Securities and Exchange Commission's move earlier this week to greenlight Dimensional Fund Advisors' plan to offer ETF share classes of its mutual funds is likely to spark discussions in fund boardrooms across the industry in the coming months. Fund independent directors will surely carve out time at fourth-quarter board ...  >> CONTINUE READING <<<

 

 

Fewer women, minorities among new fund directors
By Hillary Jackson
After years of making gains in filling fund board seats, women and individuals representing minority groups lost significant ground in the most recent two-year period measured by an annual industry survey. And while the drop-off among directors hired in 2023 and 2024 is for just a single time period, advocates ...  >> CONTINUE READING <<<

 

 

ASA board sees exit of legacy members; Saba now in control
By Hillary Jackson
The two longest-serving independent directors of ASA Gold and Precious Metals Ltd. have resigned from the board, and all litigation pursued by activist investor Saba Capital Management against the fund and its legacy directors is in the process of being resolved. The departures leave three Saba-backed directors in control of ...  >> CONTINUE READING <<<

 

 


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A Seat at the Table
We've had A Seat at the Table — for 10 years

The very first independent chair we profiled for FBV was Leigh Wilson at Victory Funds, for our A Seat at the Table section. Victory Capital Management had recently redefined itself ...