The traditional mutual fund governance model, in which one board serves multiple discrete funds within a sponsor's group, is subject to significant oversight challenges.
Source quote, verbatim
serving as a single board for multiple discrete funds (Morley & Curtis 2010)). The traditional governance model is, thus, subject to significant oversight challenges (Krug (2016)).
Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083
Holds when
traditional single board mutual fund complexes
Classification
failuresupport: arguedfailure: Single board oversight failurefamily: board-and-oversight-failuregovernance-designprivate-fundscorporate-governance
Verify
The quote above is an exact substring of the source PDF, whose sha256 is b5c92186260d4a8499a14f81ee24ace093b24e7740af3effcd1c526fa4fa221e. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/9acf17037d86a20c...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2715083-019.md | sha256sum