CAIA Association reposted this
Guardians of Good Governance: The Essential Role of Independent Fund Directors The Standards Board for Alternative Investments (SBAI) and CAIA Association are excited to announce the second article in our joint ‘Professionalism in Practice’ series: “Governance and Independence: the crucial role of Independent Fund Directors”. In the realm of alternative investments, robust governance is vital for maintaining investor confidence, ensuring transparency, and promoting ethical decision-making. Independent Fund Directors (INEDs) are instrumental in this process, ensuring that decisions align with the best interest of investors. Some key takeaways: - Board Appointments: Foundations for independence begins with the board appointment process - Courage to Challenge: Behavioural traits like courage, curiosity, and integrity can help INEDs deliver effective oversight - Adaptability: INEDs must stay agile amidst evolving regulations and industry advancements like AI - Investor Influence: Institutional investors play a crucial role in shaping and setting expectations for board behaviour This article provides valuable insights for investors, managers, and fund directors committed to upholding the highest standards of governance. Read the full article here: https://lnkd.in/efY3wU9g #Governance #RiskManagement #FundManagement #IndependentDirectors #InvestmentIndustry #Alternatives William J. Kelly, CAIA John L Bowman, CFA Monica Lira Laura Merlini, CAIA, CIFD Thomas Deinet Brian Digney, CAIA Marissa Goodier Martina Kelly IOB Institute of Directors (IoD) Jarkko Matilainen Marc Towers Cassandra Powell Andrew Edgington Shiv Taneja