Thoughts from the boardroom: A frank discussion

PwC recently played host to directors of major mutual fund boards for a roundtable discussion of their perspectives on current issues in the industry with respect to mutual fund board duties and responsibilities. The relaxed and frank discussion offered a window into the board-level thinking, particularly in light of the existing market volatility.

The discussion flowed into three major areas of interest:

  • Risk management
  • 15(c) contract review considerations including investment performance
  • Industry consolidation resulting in expanded responsibilities of the board