Assertion: fund's director | /r/HasProperty | interested persons
Facets:
value: by reason
type: CAUSE
Source sentences:
text: On this basis, the staff reasoned that it would be consistent with section 17(h) and prior staff positions if legal counsel  in providing an opinion as to whether a fund should advance legal fees either to its independent directors or to any directors who are interested persons solely by reason of serving as officers of the fund  afforded the directors a rebuttable presumption that they had not engaged in disabling conduct.64
text: We expect that the requirement that independent directors must meet at least once quarterly in separate sessions, without the presence of directors who are interested persons, likewise will improve fund performance by strengthening the role of independent directors and fostering better communications and greater cohesiveness among the independent directors.