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“Business Chemistry” Can Spark Effectiveness in the Boardroom, Committee...
A recent memo from the Deloitte Center for Board Effectiveness explores how directors’ unique personality traits can make for a higher functioning board. Personality traits are assessed using Business...
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Exchanges Target SEC Official in Dispute over Market Data Fees
The major stock exchanges which have been in a long dispute with the SEC over market data fees, accused the director of the SEC’s Division of Trading and Markets of having ethical conflicts and...
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ISS Reports on 2019 Diversity Trends on Corporate Boards
ISS in its latest report recorded continuing shifts in the composition of corporate boards reflecting greater diversity in skillsets, gender and ethnicity. ISS, as of May 30, 2019, profiled the boards...
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A “Wide-Angle Lens” on Legal, Compliance Issues Regarding Data
Lawyers from Shearman & Sterling recently published a comprehensive guide to equip legal and compliance professionals to think broadly about the implications of data to their businesses. The...
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Deloitte Webinar to Discuss “Rightsourcing” Options for Investment Managers
A Deloitte webinar on July 16, 2019 will focus on how firms are determining the right mix of insourcing and outsourcing of operations to adapt to changing marketplace dynamics. The webinar aims to give...
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Clayton Clarifies Streamlined Settlement, Waiver Negotiation Process
SEC Chairman Jay Clayton in a public statement announced an enhanced process for firms seeking to resolve settlements of enforcement actions. Under the securities laws, wrongdoing entities can be...
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NACD Cyber Report Finds Improved Reporting to Boards
A report from the National Association of Corporate Directors’ Risk Oversight Advisory Council reviews emerging corporate board practices in cyber risk oversight. According to the report, the quality...
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Academics Propose Mandated Employer Education on Financial Literacy
A recent study proposes that employers educate their employees in order to improve financial literacy. Research cited by professors at the University of Pennsylvania and University of Washington shows...
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EY Webinar to Discuss Tax, Accounting and Legislative Issues Affecting Industry
Join Ernst & Young financial services partners tomorrow July 23, 2019 for a discussion of the latest developments ing accounting standards and tax legislation that affect alternative and registered...
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Morningstar Ratings Change Adds Challenge for Active Funds
Morningstar announced it will enhance its Analyst Rating and Quantitative Rating fund scoring systems based on an updated assessment framework with the changes taking effect on October 31, 2019. These...
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IM Statement Urges Funds to Prepare for Impact of Libor Transition
The SEC announced the release of a staff statement that encourages market participants to manage their transition away from Libor, which is expected to be discontinued after 2021. “For many market...
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Tools Aim to Improve Audit Committee Assessments
The Center for Audit Quality recently released its External Auditor Assessment Tool designed to assist audit committees in appointing, overseeing, and determining compensation for the external auditor....
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Paper Explores How Duplicate Costs and Post-Integration Missteps Can Derail...
A white paper from Casey Quirk delves into the downside of mergers in the asset management industry. According to the authors, the recent spate of mergers has not realized substantial cost savings...
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Peirce Challenges Popular Thinking on Increasing Gender Diversity on Boards
In a recent speech, SEC Commissioner Hester Peirce outlined her concerns regarding the attention given to the presence or absence of women on corporate boards. Peirce said she is skeptical that...
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Cybersecurity is Top Concern for Compliance Professionals
The 2019 Investment Management Compliance Testing Survey, conducted jointly by the Investment Adviser Association and ACA Compliance Group, gathered opinions from compliance professionals at 369...
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ICI Mutual Report Explores Litigation Trends in Fund Industry
The industry’s primary insurer in a new report Shareholder Litigation in the Fund Industry notes an overall decline in the frequency of litigation against fund firms in the last decade or so. However,...
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Peirce Says SEC May Extend MiFID II Relief
Reuters is reporting that SEC Commissioner Hester Peirce told members of the American Chamber of Commerce in Japan that the Commission may extend temporary relief as the agency considers a permanent...
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SEC Invites Comments on Private Securities Exposure for Retail Investors
Morningstar’s John Rekenthaler recently chronicled global illiquidity events at three fund companies that highlight the fallout possible when funds are exposed to highly illiquid assets. Rekenthaler...
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Conventional Funds Add ESG-Related Disclosure as ESG Funds Draw Assets
More actively managed funds are including ESG criteria to their prospectus disclosure, Morningstar reports, possibly contributing to huge flows into the sector. Flows into sustainable funds have set...
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SEC to Consider Guidance on Proxy Voting at Open Meeting
In a notice posted to its web site the SEC announced an open meeting for Wednesday August 21, 2019 at 10 a.m. to discuss guidance on proxy voting rules. According to the agenda, Commissioners will...
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