Mutual Fund Directors: Governance Changes Proposed for Independent Directors in the U.S.

Tobe, Christopher B.

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Mutual Fund Directors: Governance Changes Proposed for Independent Directors in the U.S.

Corporate Governance, Vol. 8, No. 1, January 2000

2 Pages Posted: 25 Apr 2000 Last revised: 20 Nov 2012

See all articles by Christopher B. Tobe

Christopher B. Tobe

Stable Value Consultants

Date Written: November 17, 2012

Abstract

Mutual fund assets have climbed to over $6 billion in the US passing up Bank Deposits. While banks have over 14,000 regulators mutual funds have less than 500. The most effective and efficient way to improve Mutual Fund Governance is to strengthen the Independent Directors on mutual fund boards.

The author proposes an independent CFA (Chartered Financial Analyst) with no ties to other board members be put on each board to monitor fees, performance and risk.

We cannot afford to wait for the next market downfall to make changes in the way mutual funds are governed.

JEL Classification: G3, C1

Suggested Citation: Suggested Citation

Tobe, Christopher B., Mutual Fund Directors: Governance Changes Proposed for Independent Directors in the U.S. (November 17, 2012). Corporate Governance, Vol. 8, No. 1, January 2000, Available at SSRN: https://ssrn.com/abstract=192531