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 <<<

 

 


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Top of the Agenda - Compensation
IDC: Fund director pay climbs again in 2024

Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according ...