Carter Ledyard Partner Ronald Feiman was quoted in a recent report by Fund Board Views addressing the progressive shift towards diversity and inclusion within mutual fund boardrooms. Ron shared his expert insights into this evolving landscape, pointing out a noteworthy surge in the recruitment of women to serve on boards, and of diversity in the composition of directors chairing nominating committees on these boards. His commentary reflects a broader movement within the mutual fund industry towards greater diversity and inclusion within these organizations.
“Management companies have stated that they believe it important for their officers to look like their clients and support diversity on fund boards as well—not that they control the nominating process.”