Forum Report on Board Governance
On October 30, 2013 the Forum published Practical Guidance for Fund Boards: Board Governance and Review of Investment Advisory Agreements.
The report updates the general board governance items as well as board review of fund advisory contracts from the Forum's original July 2004 report, Best Practices and Practical Guidance for Fund Directors. The update retains the relevant and helpful information from the original report, supplemented with new legal developments as well as the evolution of board practices.
Practical Guidance on Board Governance and Review of Investment Advisory Agreements