Funds Governance in the UK: Strengthening the Role of Independent Directors
Published by: UK Institute of Directors
Independent directors have a crucial role to play in the governance of UK investment funds. However, this potential has yet to be realized – due to weaknesses and limitations in the way that the role is currently defined. In the light of recent scandals affecting the asset management industry – such as the collapse of the Woodford funds – there is a pressing need to rebuild trust in the sector amongst ordinary investors. The UK asset management industry has an immense role to play in financing the green transition to a net zero economy. Independent fund directors with the appropriate expertise, training and experience are ideally placed to help guide this transformation.