Assertion: fund's director | /r/HasProperty | independent
Facets:
Source sentences:
text: Certain funds have instituted policies that encourage or require their independent directors to invest the compensation that they receive from the funds in shares of the funds.67The Commission staff believes that the implementation of such policies gives the independent directors a direct and tangible stake in the financial performance of the funds that they oversee, and can help more closely align the interests of independent directors and fund shareholders.
text: : (i) at least 75 percent of the directors of the fund must be independent directors or, if the fund board has only three directors, all but one of the directors must be independent directors; (ii) the chairman of the board must be an independent director; (iii) the board must perform a self-assessment at least once annually; (iv) the independent directors must meet separately at least once a quarter; and (v) the independent directors must be affirmatively authorized to hire
text: In response to concerns about the effect of the requirement on boards with only three directors, the exception to the 75 percent requirement we are adopting permits boards with three directors to have all but one director be independent.
text: As previously mentioned, some open-end funds have instituted policies that encourage or require their independent directors to invest their compensation in the shares of the funds that they oversee.