The Investment Association (IA) has launched the iNED Club, with the aim to provide support to independent non-executive directors (iNEDs) with their roles of providing effective oversight on fund boards.
Under new rules introduced by the Financal Conduct Authority (FCA), fund managers are required to appoint at least two iNEDs to their boards before the deadline of 30 September. The role of these directors is to support and challenge the board in its assessment of value for each fund, ensuring that it is managed in the best interests of all investors. UK fund board overhaul rules must be stricter to achieve 'substantial change' The IA's iNED Club will be available to iNEDs within the investment management industry and will offer resources such as an online portal providing access t...
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