Trust board members doing it for themselves

By introducing new management structures and discount control mechanisms, boards are signalling their intent to take a more active role in delivering outperformance to trust shareholders

One of the benefits of the investment trust structure is the existence of an independent board of directors, but the significance of the board's role in achieving a successful investment trust is often under-appreciated. It is the board's role to look after shareholders' interests and to bear the ultimate responsibility to shareholders over all issues at all times. Therefore the board is ultimately responsible for delivering the best possible return for your clients at an appropriate level of risk. This article examines the increasingly proactive role of investment trust boards, demonstrat...