Is more fund board regulation needed?

Almost every entity connected to a fund is well-regulated – indeed over-regulated - except for the one that matters most: the board itself. Why is that?

The last thing that anyone needs right now is yet more regulation. Nonetheless it is worth asking why the focus of regulatory oversight in this business has always been on the role and responsibilities of a board’s directors rather than on the board itself.

It is of course the case that all the vital activities that a board carries out, and for which it is responsible, are regulated.

To find out more on this story, see the September issue of The NED.