Fund board effectiveness

Lessons form the US

US mutual fund boards set the governance standard for their effectiveness reviews. Can offshore private funds learn from the very thorough processes that US mutual fund boards go through?

Following are highlights from the Executive Summary of the ‘Practical Guidance for Fund Directors on Board Self-Assessments’ which is published by the US’s Mutual Fund Directors Forum:

Fund board workloads have increased due to a range of market and industry developments that include fund regulation; heightened risks from technology and market events; evolving product distribution channels and shifting investor demand; and, most recently, a global health crisis. Boards that employ a robust evaluation process can be well-positioned to effectively meet current and future industry challenges.

To read more on this story, see the October issue of The NED.