A Seat at the Table

VAT board evolves in 2024, preps for additional remit in '25

By Hillary Jackson

The Valued Advisers Trust board was enlarged earlier this year and transitioned to an all-independent membership, and now the four directors are poised to take on oversight of a mutual fund trust that will run side-by-side to their series trust responsibilities, according to Chair Andi Mullins. CRM Mutual Fund Trust ... >> CONTINUE READING <<<

RBC Funds tackles generational shift, aims to preserve culture

By Hillary Jackson

Maintaining boardroom culture while facing large-scale generational shift is a challenge, but it's one the RBC Funds Trust board is up to meeting with careful planning and intentional decision making, according to James Seward, independent chair. "We have a bunch [of directors] approaching retirement age, so we've tried to be ... >> CONTINUE READING <<<

MFDF's McPhillips: 'It was time' to jump into the present

By Hillary Jackson

It's been 22 years since Mutual Fund Directors Forum was formed to answer a call from Securities and Exchange Commission Chairman Arthur Levitt for improved mutual fund governance and better education of fund directors. In that time, assets under management in funds have grown from about $6.4 trillion to $25.5 ... >> CONTINUE READING <<<

John Hancock Funds hires two, but the beat goes on

By Hillary Jackson

Independent Chairman Hassell McClellan and the John Hancock Funds board made progress this summer on a years-long board refreshment effort, but they're not done yet. McClellan views the board as a "portfolio of assets" and approaches recruitment from both top-down and bottom-up perspectives. "It's a real part of our philosophy," ... >> CONTINUE READING <<<

As Aquila exits fund biz, adviser, boards wrap up months of work

By Hillary Jackson

It's been a busy year in the boardrooms of the Aquila Group of Funds, all of which will culminate in the coming weeks with the dissolution of two boards and adviser Aquila Investment Management's exit from the fund business. The exit strategy has involved two buyers for eight of Aquila's ... >> CONTINUE READING <<<

Janus Henderson Funds chair talks new hire, good governance

By Hillary Jackson

There have been a series of personnel changes and new governance policies instituted in the Janus Henderson Funds boardroom in recent years, and a retirement and new hire earlier this month look to be the finishing touches on the board's transition—at least for a while. "We have a philosophy of ... >> CONTINUE READING <<<