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Tracking fund boards by composition

The NED is starting a new service in 2021 to track board composition across international fund domiciles. Each quarter The NED will be analysing board composition data by jurisdiction in some detail.
 
It will look at a different category of funds every three months to see what see what is similar and different about their board composition by jurisdiction. The aim, over time, is to build up a matrix of information on fund board composition by strategy and jurisdiction.

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What difference has CP86 made?

In follow-up to the CBI’s thematic review of CP86 a look at the difference this measure has made to Irish fund board appointments.

Changes might be coming to fund board composition in Ireland. The CBI is clearly focused on this topic. There are two areas where the regulator looks to be particularly interested: what some call ‘over-boarding’ (directors who sit on too many fund boards) and lack of gender diversity.

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Non-compliant Cayman directors named and shamed

CIMA has published a list of 1,369 registered Cayman directors who are not compliant with its Directors Registration and Licensing Act. These directors are threatened with cancelled licenses and other penalties.

CIMA states that the directors that it has named must provide the information demanded by January 15 or they will lose their licenses.
 

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ESG’s impact on fund governance is coming

ESG investing activity surged ahead again this year, despite the pandemic. One wonders if anything can slow down its onward march given that even Covid-19 hasn’t been able to do that.

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Private equity comes to Ireland

Ireland’s Investment Limited Partnerships (Amendment) Bill is about to become law.

The new ILP falls within AIFMD and should make Ireland a major jurisdiction for
private equity.

Maples has written the following on the ILP:

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