Fund Board Views

10 Things

10 Things...boards are facing now and into 2024

By FBV Staff

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), technological advances, and other aspects of modern-day life, now can seem like a particularly challenging time to serve. We asked independent directors from boards ... >> CONTINUE READING <<<

Top of the Agenda - Succession

Invesco Funds aims to add two independent, two interested directors

By Hillary Jackson

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 include the 10 individuals currently serving on the board. The new additions represent the latest development inside a boardroom that has experienced a fair ... >> CONTINUE READING <<<

Top of the Agenda - Regulatory

'Cop on the beat' SEC tops enforcement action record in FY'23

The Securities and Exchange Commission—the industry's "cop on the beat," according to Chairman Gary Gensler—filed 784 enforcement actions in its September-ending fiscal year 2023, representing a 3% year-on-year increase. The number of original, or stand-alone, enforcement actions increased to 501, an 8% increase over FY'22, the SEC said. Despite those ... >> CONTINUE READING <<<

Viewpoints

Investment accounting technology: A call to action for fund boards

By Kirk Littleton, FundGuard

The world of mutual funds has witnessed a dramatic evolution since the first open-ended fund appeared in 1924. Now, nearly a century later, the funds industry is a diversified ecosystem of asset classes and specialized products. And yet, a key oversight persists in the operational practices of these funds: Many mutual ... >> CONTINUE READING <<<

A Seat at the Table

New Advisors Series Trust chair looks to 2024 and beyond

By Hillary Jackson

David Mertens, the new independent chair of Advisors Series Trust, has a lot on his mind as he looks ahead to 2024 and beyond. Recruitment, succession planning, the increasingly complex regulatory environment, and growth are among the most pressing issues on the board's agenda. And while some of these concerns ... >> CONTINUE READING <<<

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