Views on director selection

The NED has been told many times that selection of fund directors is a random process, too often dependent on who you know, as opposed to what you know. As a result it is undertaking a number of projects to help professionalise the selection process.

The hope is that some of these will be in place before the FCA’s recently announced changes to UK fund boards come into effect. If there is an established means of selecting independent directors for UK fund boards available by the time the FCA’s changes come into effect it could well make a big difference to the quality of the candidates selected.

To read more on this see the September issue of The NED.