Rajib Chanda Co-Authors Article on Relaxing Independence Standards on Fund Boards in Fund Directions
Corporate Partner Rajib Chanda co-authored an article, “Relaxing Independence Standards Would Benefit Fund Boards, Industry (and Shareholders),” published in Fund Directions’ May 2015 issue. The article discusses the importance of independent directors to registered funds and how SEC requirements and current industry developments have made it increasingly difficult to find qualified board candidates who can meet the relevant independence requirements. The authors note that if “the SEC has an interest in having the best possible independent directors, sensible guidance or rulemaking to permit flexibility in independence determinations would aid that goal.”