Mind the governance gap: Cayman drifting further away from Europe

The alternative fund governance gap across the Atlantic is growing wider. It is clear that what many US managers want from their Cayman directors is different from what European managers want or expect – both from their Cayman boards and especially from those that they may have in other jurisdictions such as the Channel Islands, Ireland or Luxembourg.

The growing gap can be seen in what is happening in remuneration. The NED has evidence that directors’ remuneration in the European region, especially in Guernsey and Jersey, is increasing at present. On the other hand, it has evidence of the opposite in Cayman.

To read more on this article , see the April issue of The NED.