In the Margins
General Electric has announced an overhaul to its board that includes the departure of eight directors, the nomination of three new members, and an eventual change next year in its independent lead director. If GE shareholders approve the nominees, the industrial giant will have just 12 directors—far closer to the average size board and 33% smaller than the 18-member board it had a year ago. Read the original story from The Washington Post.
Most Read
Serving on a mutual fund board is, by definition, a challenging job. But given the current regulatory environment, ever-increasing product competition (and related pressure on fees), ...
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 ...
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 ...
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 ...