Consultation results

Consultation results

The NED has undertaken a wide-ranging consultation with investors and the industry at large on transparency and fund board composition standards over the last two months. It is the biggest project The NED has undertaken in years.

The aim of the consultation was to find out if an agreed minimum standard on fund board composition might be welcomed by many in the industry. The consultation also sought views on transparency in fund governance practices.

As the consultation progressed it became clear that almost everyone had views that they wished to share on transparency but only a minority were similarly enthused by the idea of seeking to reach a level of agreement on fund board composition standards. What people who responded to this consultation appear to be saying is that transparency is more important than board composition standards.

To read more on this story see the June issue of The NED