MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 3, 2012 MFDF's Wyderko Says Directors Have Tougher Job Let's hear it for mutual fund directors. The latest MorningstarAdvisor has an interview with Susan Ferris Wyderko, president and CEO of the Mutual Fund Directors Forum, a membership organization that represents independent mutual fund directors. Not surprisingly, she has good things to say about her business. No great revelations appear in the interview -- Wyderko doesn't get very specific -- but she does say that the SEC could help boards by "emphasizing director oversight," and notes that since 2008, directors have had a tougher job, thanks to new technologies and investment products. She also says that the SEC's decision to require all funds to have a CCO has been a real positive. She says the rule "has resulted in a significant cultural change in the fund industry that was largely unpredicted. It gives boards an invaluable channel of on-site, real-time information." Printed from: MFWire.com/story.asp?s=40512 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |