This meeting at the March 4 CFL focused on board oversight of issues related to cyber-security and the increasing tendency of the SEC staff to request meetings with fund board members. Speakers included Robert Mulhall and Jamie Kahan of Ernst & Young, Rajib Chanda, partner at Ropes & Gray, and Jay Baris, a partner at Morrison & Foerster, LLP.
The cyber-security discussion began with an overview of the most pressing issues in this area that funds face, led by Robert Mulhall and Jamie Kahan of Ernst & Young. Rajib Chanda, partner at Simpson Thacher & Bartlett LLP, then lead an interactive conversation with attendees as to how they choose to oversee these issues, including how involved their fund boards are with cyber-security matters and how best to structure board oversight in this area.
The second segment dealt with fund leaders' reactions when SEC staff ask to visit with them or their board colleagues. Jay Baris, a partner at Morrison & Foerster, LLP, lead a discussion of fund leaders' thoughts and experiences with the issue.
The roundtable also included an opportunity for an “around the table” discussion during lunch regarding current issues of concern to attendees.
The CFL is a unique gathering which provides fund independent chairs and lead independent directors with an opportunity to discuss important issues with other fund leaders. The CFL is a partnership of the Mutual Fund Directors Forum, the Ira M. Millstein Center for Global Markets and Corporate Ownership at the Columbia Law School, and independent leaders of mutual fund boards of trustees.
|Ney York, NY||
Morrison & Foerster, LLP
Simpson Thacher & Bartlett LLP
Ernst & Young LLP
Ernst & Young LLP
WHO SHOULD ATTEND
PRESS / MEDIA