Mutual Fund Governance CFA Charterholders as Independent Directors: a Modest Proposal to Improve Performance and Lower Costs
4 Pages Posted: 14 Feb 2023
Date Written: February 11, 2023
Abstract
Mutual Funds have become a dominant asset class in the United States. While they are supposed to have independent directors, most are too connected to management and have serious conflicts of interest. This paper proposes having at least 1 qualified independent director on a Mutual Fund board and the best qualification is a CFA Charterholder.
Keywords: Mutual Fund, Governance, Transparency, Accountability, Fees
JEL Classification: g
Suggested Citation: Suggested Citation
Tobe, Christopher B., Mutual Fund Governance CFA Charterholders as Independent Directors: a Modest Proposal to Improve Performance and Lower Costs (February 11, 2023). Available at SSRN: https://ssrn.com/abstract=4354645 or http://dx.doi.org/10.2139/ssrn.4354645
Feedback
Feedback to SSRN