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Selling Independent Director Services to Hedge Funds
December 01, 2011
A recent Financial Times article examines businesses in the Cayman Islands that, for $5,000 to $30,000, will provide the board of a hedge fund with a professional independent director. This practice has resulted in a number of directors holding an extraordinarily high amount of… read more
Event: Risk Management Oversight and Other Governance Challenges
November 07, 2011
On Wednesday, November 9th in Boston, the Mutual Fund Directors Forum and PwC will present "Risk Management Oversight and Other Governance Challenges for Fund Directors." The turmoil in the financial markets has brought calls for increased oversight and the establishment of more structured and robust… read more
Proxy Access Amendments for 2012 Proxy Season
November 02, 2011
A recent Sutherland legal alert discusses new proxy access amendments that will be effective for the 2012 proxy season. Although Rule 14a-11 (requiring companies to include shareholder director nominees in their proxy proposals) was struck down by the U.S. Court of Appeals for the… read more
Study: Views on Hedge Fund Governance
September 23, 2011
Carne Global Financial Services recently released a research paper about the views of institutional hedge fund allocators on hedge fund corporate governance. The study found that in the last three years, hedge fund governance has become more of an issue to asset allocators. Allocators are… read more
Study: Board Quality is Correlated with Funds’ Long-Term Performance
September 14, 2011
A recent academic study by Professors Carl R. Chen and Ying Huang determined that board quality, as assessed by Morningstar in assigning its stewardship grades, is correlated with a fund's long-term performance. The data Professors Chen and Huang analyzed led them to conclude that "board… read more