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

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

Christopher B. Tobe (Contact Author)

Hackett Robertson Tobe ( email )

2021 Lakeshore Drive Suite 200 , LA 70122
New Orleans, LA LA 70122
United States

HOME PAGE: http://https://www.hackett-group.com/

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