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Board Leadership

The SEC requires disclosure about a fund’s leadership structure—specifically, whether the board chair is an independent director and, if not, whether the board has a lead independent director (and what specific role the lead independent director plays in the leadership of the fund).

DID YOU KNOW

IDC/ICI studies show that eighty-seven percent of boards are composed of at least 75 percent independent directors and over two-thirds of fund boards have an independent chair.

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