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So you were asked, some time ago or just recently, to serve as an independent director of a mutual fund-or more likely a number of mutual funds in a fund group.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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mutual fund independent director, investment advisory agreement, selling adviser, other independent directors, mutual fund board, new independent directors, willful misfeasance, mutual fund directors, investment trust industry, fidelity bond coverage, investment management function, directed brokerage, diversification guidelines, registered fund, separate legal counsel, management affiliate, affiliate brokers, separate counsel, advisory agreements, expense cap, fund governance, investment adviser, insider abuse, fund groups, fund shareholders
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Board of Directors Action, Investment Company Institute, Best Practices Report
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