# kaal:claim:2715083-019

**Claim.** 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.

**Type.** failure  **Support.** argued

**Holds when.**

- traditional single board mutual fund complexes

**Source quote.**

> 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)).

**From.** Kaal, *Confluence of Mutual and Private Funds* (2016), IV.1 Investor Preferences, page 12

**Cite as.** Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

**Verify.** sha256 of source PDF `b5c92186260d4a8499a14f81ee24ace093b24e7740af3effcd1c526fa4fa221e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20Confluence%20of%20Mutual%20and%20Private%20Funds.pdf

**Failure mode.** Single board oversight failure  (family: board-and-oversight-failure)

**Topics.** governance-design, private-funds, corporate-governance

**Keywords.** mutual-fund-governance, board-independence, oversight, conflicts-of-interest

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