Top of the Agenda - Governance

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 <<<

 

 

FBV taps fund governance pros for expanded Think Tank
Fund Board Views has refreshed and expanded its Editorial Think Tank ahead of it's 10-year anniversary this fall. The nine members will continue to work closely with editorial and publishing to shape FBV's direction, coverage, and offerings to best serve the mutual fund board community and larger fund governance space.
 
Think ...  >> CONTINUE READING <<<

 

 

Q&A: Opening the private markets door to retail investors
As the trend toward opening private investment opportunities to retail investors grows, there are a number of issues coming to the forefront for the fund industry—including fund independent directors—to consider. The most common way to provide access is through closed-end funds that have no (or very low) minimum investment thresholds ...  >> CONTINUE READING <<<

 

 

ASA board enlarged, timeline to AGM unclear
By Hillary Jackson
ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one put forward by activist investor Saba Capital Management. That new director, Maryann Bruce, said in a letter to shareholders ahead of the meeting that ...  >> CONTINUE READING <<<

 

 

Saba-ASA battle: Vote on board size, Saba nominee tomorrow
By Hillary Jackson
Shareholders in ASA Gold and Precious Metals Ltd. are being asked to vote tomorrow to expand the size of the closed-end fund's board and elect a candidate put forward by activist investor Saba Capital Management. Should the proxy campaign succeed, it would give members backed by Saba a majority in a boardroom ...  >> 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 <<<

 

 


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