Top of the Agenda - Succession

Wasatch Funds adds director ahead of retirement
By Hillary Jackson
Wasatch Funds has added a fifth independent director ahead of a retirement—and loss of "deep industry knowledge"—at year-end. The addition allows for an overlap of several months before the all-independent board returns in January to its normal size of four directors around the table, Chairman Heikki Rinne told Fund Board ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

New IDC data: Diversity takes hold in fund boardrooms
By Hillary Jackson
Mutual fund boardrooms are more diverse than ever, with the percentage of women and individuals representing a racial or ethnic minority group increasing annually—and at a rapid pace in recent years. According to data from the Independent Directors Council, in the 10-year period from 2012 to 2022, the percentage of ...  >> CONTINUE READING <<<

 

 

Viewpoints

Adviser converting fund to ETF? Here are some tips for boards
By Susan J. Templeton
More than 90% of financial advisors who participated in a recent Financial Planning Association survey said they use or recommend exchange-traded funds, and of those, half said they plan to increase their usage in the next 12 months. The findings of The 2023 Trends in Investing Survey demonstrate that the ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Compensation

IDC study: Director pay up more than 5% in 2022
By Hillary Jackson
Independent mutual fund directors earned more in 2022 than they did in 2021, according to industry data obtained by Fund Board Views. The year-on-year increase—a median of 5.7% and average of 5.5%—returned to levels seen before 2021 when uncertainty in the markets and continuing COVID-related issues may have caused boards ...  >> CONTINUE READING <<<

 

 

10 Things

10 Things...to ask about new money market funds rule
By FBV Staff
The Securities and Exchange Commission took another stab at money market fund reforms last month, and advisers and the boards that oversee these funds will spend the next year or more working toward compliance with the new rule. At this stage, there are a lot of questions about what’s to ...  >> CONTINUE READING <<<

 

 


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Top of the Agenda - Compensation
IDC study: Director pay up more than 5% in 2022

Independent mutual fund directors earned more in 2022 than they did in 2021, according to industry data obtained by Fund Board Views. The year-on-year increase—a median of ...