Archive
Registration
Governance
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
Bridging Board Gaps
September 12, 2011
Bridging Board Gaps: Report of the Study Group on Corporate Boards is a thoughtful report produced in 2011 by a group of directors, business leaders, academics and former government officials that provides analysis of, and suggestions for tackling, board governance challenges. Although the report was… read more
E&Y’s Primer on FACTA and the IM Industry
August 09, 2011
Ersnt & Young LLP has published a useful document outlining the effects of the Foreign Account Tax Compliance Act (FATCA), which became law as part of the Hiring Incentives to Restore Employment (HIRE) Act on 18 March 2010 (P.L. 111-147). FACTA imposes new withholding and information… read more
IM Director on Variable Insurance Products
August 01, 2011
In a June 28 address before the Insured Retirement Institute 2011 Government, Legal & Regulatory Conference, Eileen Rominger, Director of the SEC's Division of Investment Managment, discussed some areas of the variable insurance product industry that have come under the scrutiny of her Division. Among… read more
Study: Intellectual Capital of the Board a True Asset
July 28, 2011
In a paper published in June, Paul Kalyta of the Department of Accounting at McGill University documents his study finding that a board's intellectual capital is an important source of organizational value creation. Kalyta's study used the number of scientists on a board of directors as… read more