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Consultancy, Recruitment and Training
Fund boards are highly technical boards. Their directors carry hefty accountabilities and a dense set of regulatory requirements — and that is where FBC’s deep, focused knowledge comes in.
We arrive fluent in what makes fund board governance distinctive: the AFM’s duties to investors, the relationship between the fund board and the wider group, delegation, conflicts of interest, and how independent challenge works in the room. It is knowledge kept current by extensive research and benchmarking with our member firms, and by sustained engagement with the key regulators.
We help boards achieve governance that is robust but proportionate — highly effective in supporting good customer outcomes, while recognising the commercial reality and parent company dynamics within which fund boards operate.
Whether you are appointing an iNED or Independent Chair, FBC can provide expert guidance throughout the recruitment process. Take a look at our document for more information.
Governance Reviews
FBC conducts full governance reviews, focused on your obligations as an Authorised Fund Manager. Each review is bespoke, analysing your governance architecture — corporate board, sub-committees, Executive Committee and other relevant committees — including remits, decision rights, delegation and escalation routes.
Fund Board Governance
We also review individual governance frameworks in depth, either as part of a full review or on their own:
Product Governance
Your arrangements against PROD expectations, from design through to ongoing review, including your Assessment of Value process, evidence base, challenge and reporting
Distribution governance
Target market definition, distributor oversight and value in the distribution chain, including how Consumer Duty outcomes are monitored, evidenced and tested at board level
Operations Governance
Oversight of the operating model, delegates and third-party providers
We also review individual governance frameworks in depth, either as part of a full review or on their own:
Fund Board Governance
We also review individual governance frameworks in depth, either as part of a full review or on their own:
Structure and oversight
Board purpose, delegation, and the management information the board relies on
Culture and dynamics
The chair’s role, engagement with executives and committees, conflicts of interest, client focus
Composition and skills
Skills audit, functional representation, succession planning
Process
Agenda-setting, meetings, board packs and minutes
Findings come as a written report with recommendations and an action plan, discussed with your FBC senior adviser and presented to the board.
iNED Search
Governance-led recruitment of independent directors and chairs for fund and ManCo boards, drawing on:
iNED Database
Experienced and emerging talent across the UK, Luxembourg and Ireland
Search framework
Our proprietary approach to identifying candidates who are technically qualified and will integrate effectively with your board, with close attention to conflicts of interest, role capacity and skills mapping
iNED remuneration study
Our proprietary data on independent director pay, so we can advise on competitive and proportionate compensation arrangements
We also support onboarding, with tailored training and access to FBC’s resources.
FBC Advance
Tailored training for newly appointed or aspiring Executive Directors on fund boards, and for anyone who would benefit from a refresher. Agendas typically cover role and accountabilities, including regulatory requirements; the practical challenges of the role; and good practice drawn from FBC’s own research. Sessions are interactive and discussion-led, in person or online.
Bespoke Training
FBC also delivers training for your employees on any governance or effectiveness topic of your choosing, in person or online.
Corporate Membership Discounts
Firms with FBC Corporate Membership receive priority access and discounted rates across all FBC consultancy, recruitment and training services. Learn more about FBC Corporate Membership.
Get in touch
For an initial confidential discussion, speak to your usual FBC contact or email contact@fundboards.org.
In the know
Join Fund Boards Council
Fund Boards Council is a passionate advocate for good outcomes from governance on fund boards in the UK and across Europe. Through our insight, engagement and advice, we actively support the entire fund board.
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