What Should Funds Boards Be Doing to Advance Compliance Efforts?

Nov
7
2008

What Should Funds Boards Be Doing to Advance Compliance Efforts?

By SEI Knowledge Partnership with Avi Nachmany, Director of Research, Strategic Insights; Tom Harmon, Director Partner - Investment Management Practice Group, Morgan, Lewis & Bockius LLP

White Paper: What Should Funds Boards Be Doing to Advance Compliance Efforts? (PDF, 7 pages)    

Presentation: What Should Funds Boards Be Doing to Advance Compliance Efforts? (PDF, 41 slides)

As the SEC deadline for the first mandated annual evaluation of adopted compliance programs looms closer, the role of mutual fund boards is coming under a spotlight. Some broad mandates are clear. But many specifics are murky. 

These are challenging times for mutual fund board members. The clock is ticking on the SEC deadline to submit updated compliance programs, and questions still abound.

  • What are the respective roles and obligations of boards and CCOs?
  • How can they best work together?
  • And what are some ways to build rapport between board members and CCOs?

After discussing these issues with a diverse group of fund trustees and CCOs, SEI and guest panelists developed some practical guidelines for the foundation of an effective and collaborative compliance planning process.