Top of the Agenda - Succession

Lord Abbett taps industry vet in latest succession move
By Hillary Jackson
Lord Abbett Funds will welcome an industry veteran into the boardroom on Jan. 1, the day after two long-serving independent directors veterans retire. "Routine succession planning" has been underway for several years as veteran members have reached retirement age and stepped off, according to Brooke Fapohunda, partner and senior deputy ...  >> CONTINUE READING <<<

 

 

Vanguard nominates two, as two hit retirement
By Hillary Jackson
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 personnel shifts are the latest in a string of recent changes to the board, which named its first-ever independent chairman and a new interested ...  >> CONTINUE READING <<<

 

 

FT CEFs board names independent chair, expands (temporarily)
By Hillary Jackson
A board overseeing 16 Franklin Templeton-advised closed-end funds has named an independent chair and added three new independent directors, enlarging the board temporarily ahead of scheduled retirements. This is the second Franklin Templeton board in the past several weeks to elevate an independent to the top job, which previously had ...  >> CONTINUE READING <<<

 

 


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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 ...