The growing work burden

Regulations coming in across multiple jurisdictions will mean much more work for local directors. This is driven the EU’s Code of Conduct Group, BEPs and related tax changes that will require funds to show that they have real substance in the jurisdiction where their funds are domiciled.

This has a considerable impact upon local fund directors. But their remuneration is not increasing in line with the growing risk and responsibilities that they face.
One of the most noticeable trends in The NED’s annual director survey, over the last couple of years, is how much fund directors report that their workload is going up.

This year’s results were the most pronounced yet in this regard: 74% of respondents said that their workload is increasing per fund – with not one single survey respondent reporting any decline.

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