Fund director evolution

Conversations that The NED has had with fund directors in Cayman and Ireland recently would suggest that the going is getting a little bit tougher in the governance business at the moment. Challenging markets, and what this has meant for the bottom line, may have something to do with this. The growing workload, brought on by ever-increasing regulatory requirements, probably hasn’t helped either.

But it could also be that the job of an independent fund director – in some jurisdictions – is evolving. When asked to describe what the job is for this article several directors said that it is becoming more and more about keeping up with the regulations and making sure that the fund ‘ticks all the right boxes,’ as one put it. Another said that he sees a large part of his job as being about navigating the ‘regulatory jungle’ on behalf of overseas managers with funds domiciled in his jurisdiction.

To read more on this story see the February edition of The NED.