A Seat at the Table

Trust for Professional Managers chair values diversity, strong relationships
By Hillary Jackson
When Erik Olstein was named the first-ever independent chairman of Trust for Professional Managers this spring, he took leadership of "a really good, diverse team of different experiences and backgrounds." Diversity of perspective in the boardroom is important to Olstein, as are strong—and deep—working relationships among board members, counsel, and ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Compensation

Fund directors earned more in 2024, MPI survey finds
By Hillary Jackson
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their counterparts on corporate boards experienced, according to new figures from Management Practice Inc. The latest Survey of Mutual Fund Director/Trustee Compensation and Governance Practices ...  >> CONTINUE READING <<<

 

 

Viewpoints

Sub-Adviser AI Oversight: Focus on what matters
By Joyce Li, CFA
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, yet the widespread adoption and increasing sophistication of artificial intelligence (AI) and related technologies now embedded in investment processes, operational functions, and compliance systems ...  >> CONTINUE READING <<<

 

 

10 Things

10 Things...to know about the ETF share class
By FBV Staff
Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in the mutual fund market. The work that will follow SEC approval of the exemptive relieve applications to offer an ETF share class will be ...  >> CONTINUE READING <<<

 

 


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10 Things
10 Things...to know about the ETF share class

Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in ...