Practical Guidance for Directors on Board Self-Assessment

A January 2008 report of the Mutual Fund Directors Forum providing practical guidance to fund directors on board self-assessment practices and policies

Annual self-assessments provide directors with an important opportunity to review whether they are meeting their fiduciary responsibilities and adding value to shareholders. The Securities and Exchange Commission ("SEC") required fund boards to conduct annual self-assessments in January 2006, though many boards had conducted in-depth performance reviews long before then. Prior to the implementation of the SEC's rules...

Report of the MFDF: Practical Guidance for Directors on Board Self-Assessment