This includes all of the personal attributes that pertain to a supportive atmosphere such as attendance, being prepared, participation, avoidance of self aggrandizement, true independence of thought and action, and personal qualifications. While the criteria which fall under this category are the simplest to measure, we believe it would be a mistake to place too much weight on them. Diligently Pursuing Responsibilities. This is particularly important relative to contract renewal, election of new trustees, and safeguarding fund assets. The active negotiation of the annual management contract may well be the best measure of performance.
Individual trustees play a significant role in doggedly pursuing the interest of stockholders.
Fostering An Open Environment. Mutual fund trustees, like corporate directors, need to encourage an environment of frank and wide ranging discussion while avoiding the trap of micromanaging or interference. Since an evaluation of trustees goes right to the heart of the mutual trust which is needed for a board, to function, than an evaluation of individual performance must be handled with the greatest care and empathy. Return to the Mutual Funds Governence page.