FBC is delighted to welcome back the FCA’s Nick Miller and Garry Murdoch as our keynote speakers at this biannual meeting of FBC member iNEDs and fund board chairs and CEOs.
A fuller agenda and meeting invites will be available shortly, but for now save the date and time.
Nose in, and hands in too?
The FCA’s July review of Assessment of Value called out the role of the iNEDs on fund boards, and whilst commended some who they thought were doing a good job, suggested many weren’t. At this biannual meeting to FBC corporate member iNEDs and other invited guests, a panel of experts moderated by FBC’s Shiv Taneja will discuss the role of the iNED – not just in the content of the all important AoV process, but also seek to answer a series of other questions, including:
- With 54% of fund boards* now employing iNED Chairs, it is time for all fund boards to move to having independent non-executive chairs? And go a step further and start the transition to majority iNED fund boards?
- Is it beneficial for iNEDs to sit on multiple investment boards within the same firm/group, within and outside of the UK
- Equally, should iNEDs be encouraged to sit on competing fund boards; what about issues of over-boarding and conflicts of interest
- Is there a role for executives rolling off and on to fund boards, with no period of separation – NEDs as opposed to iNEDs?
- How have fund board iNEDs works through the pandemic over the last 18-months, and what are some of the key themes, beyond AoV, they’re going to have to grapple with over the next 18 months
*A sample of 33 fund boards representing a majority of UK retail fund assets.