Top of the Agenda - 15(c)

Will remote 15(c) meetings lead to better practices?
By Hillary Jackson
For many of the nation's mutual fund boards, it's 15(c) season. In the current environment, that means independent directors and counsel are grappling with completing the process of approving and renewing advisory contracts in a virtual setting, when folks can't step off to the side and have a quick conversation ...  >> CONTINUE READING <<<

 

 

Boards: Do you need an independent 15(c) consultant?
By Hillary Jackson
Should mutual fund boards bring in independent third parties to assist with the annual process of reviewing and approving advisory contracts? An increasing number of boards are doing just that, and there are a variety of reasons driving this growing trend.
 
The 15(c) process, which includes approving advisory fees, is ...  >> CONTINUE READING <<<

 

 


Most Read

10 Things
10 Things...to know about BDCs

Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
Top of the Agenda - Succession
Vanguard nominates two, as two hit retirement

The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...