As part of all our board recruiting work, frank conversations with both management and independent directors before starting a search always include the issues highlighted in this article, which any candidate will confront and query us about.
This is a particularly good summary of the key matters to consider and discuss, and would be a worthwhile addition to the annual board self assessment process. With some small modifications, this is a good guide for the independent trustees of a 40 Act investment vehicle, as well.

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