Rajib Chanda Quoted in BoardIQ Regarding Independent Director Oversight on Valuation Practices
Simpson Thacher Corporate Partner Rajib Chanda was quoted in BoardIQ, a Financial Times publication, in an article discussing the implications of independent director oversight on fair valuation practices and how their funds’ securities are leveled. The article, which is featured in BoardIQ’s valuation issue, explores the ways that oversight can expose the illiquidity of a portfolio, protect against scrutiny from the SEC and be helpful for directors given overall interest in fair valuation matters. Rajib commented, “The best way to think about it is that it’s just another metric by which to understand the fair value practices that are used on a day-to-day basis.”