MFDF EVENT: Modernizing Board Oversight of Mutual Funds, Emerging Challenges

Over the past few years, the SEC has taken numerous steps to modernize board oversight of mutual funds and focus fund directors on critical issues for investor protection. At the same time, the financial services industry has been expanding the use of other forms of collective investment vehicles, like separately managed accounts and collective investment trusts, that compete with registered investment companies but are not subject to similar systems of fiduciary protections. In addition, robo advisers increasingly offer portfolio management tools that are functionally similar to mutual funds. Taken together, this evolving landscape creates new challenges for mutual fund boards and also for the SEC.  In an interactive MFDF program tomorrow, experts  will explore these issues and discuss what, if any, the SEC and the fund industry can do to remain competitive. The speakers will be Paul Cellupica, former Deputy Director of the SEC’s IM Division, Harvard Law School Professor Howell Jackson, and Professor Arthur Laby, Co-Director of the Rutgers Center for Corporate Law and Governance. This meeting will be on Zoom on Tuesday, March 30, 2021 from 3 pm to 4:15 pm (ET). Registration is available here.