Vedder Price Looks Ahead for Boardroom Topics
In a recent piece on board oversight amid the global pandemic, Vedder Price lawyers take the long view on discussion topics beyond remote meetings, fund redemptions, and business continuity plans. The lawyers look at the key market issues affecting funds and list some evolving areas for board consideration in the coming weeks, including how other countries’ response to the virus might limit trading, prompt market closures or prohibitions on short selling. The lawyers note that despite the federal government’s support for money market funds, the move to zero interest rates may bring some collateral consequences, particularly for institutional funds. Other focus areas they discuss are: ETFs and the need to monitor the commitment of market makers and oversight of Liquidity Risk Management Programs in light of stressed market conditions.