Ben Sheng

No one knows better than an accountant the precise value of trust. For registered funds especially, trust is so critical that boards are required by law to maintain a committee for ensuring their financial integrity. At their most effective, audit committees encourage shareholders to trust a fund’s financial statements through active oversight of audits, financial reporting, and, in some cases, valuation and pricing.

Recently Fund Directions has been reporting on the issues around diversity and mutual fund boards. Many people of color and women in the industry say they still see colleagues with a lack of commitment to finding diverse candidates because of the additional time and effort it can often take.