Why closed-end directors need more than a rubber stamp episode artwork

EPISODE · Jan 28, 2021 · 11 MIN

Why closed-end directors need more than a rubber stamp

from The NAVigator

Anne Kritzmire, an independent closed-end fund trustee, explains how the role of directors differs in closed-end funds compared to traditional mutual funds, where boards are known for passing everything management's way. She explains the ways in which independent directors in closed-end funds have a more active hand in oversight on key factors like leverage, involvement in alternative and illiquid investments, dividend payout policies and interactions with activist shareholders, and how that involvement is crucial in protecting investors.

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Why closed-end directors need more than a rubber stamp

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This episode was published on January 28, 2021.

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Anne Kritzmire, an independent closed-end fund trustee, explains how the role of directors differs in closed-end funds compared to traditional mutual funds, where boards are known for passing everything management's way. She explains the ways in...

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