The June 3 Conference of Fund Leaders (CFL) Roundtable focused on two topics of interest to independent fund leaders: board oversight of risk and measuring board success.
While fund boards are not responsible for designing and implementing risk systems, directors evaluate the risk management of the fund’s adviser and other service providers including the risk culture at the relevant entities. Because there is no one size fits all approach to risk oversight, this interactive discussion was designed to allow attendees to share their views on risk oversight processes and tools that fund leaders have found helpful in their own complexes.
In performing the many obligations placed on fund directors, it may be easy for a board to lose sight of the big picture. Therefore, it is helpful for boards to periodically take a step back and look at their own performance to consider if they are adding value to their fund shareholders. This interactive discussion allowed fund leaders to share their views on what “success” means to a fund board – and how to determine whether the board is meeting that definition.
The roundtable also included an opportunity for an “around the table” discussion during lunch regarding other issues of concern to attendees.
The CFL is a unique gathering which provides fund independent chairs and lead independent directors with an opportunity to discuss important issues with other fund leaders. The Conference of Fund Leaders (CFL) is a partnership of the Mutual Fund Directors Forum, the Ira M. Millstein Center for Global Markets and Corporate Ownership at the Columbia Law School, and independent leaders of mutual fund boards of trustees.
|New York, NY||C||Jun||June||Wednesday||3||2015||0.0000||0.0000|
WHO SHOULD ATTEND
PRESS / MEDIA