Fund Boards of Directors / Trustees

As counsel for investment companies, we routinely advise their directors/trustees on all aspects of their responsibilities and, in many cases, act as “independent legal counsel” to the independent directors/trustees.

We bring to these representations our broad experience in allied fields such as taxation and litigation, as well as corporate law with respect to the directors/trustees of public corporations. We also draw on our deep knowledge of matters concerning:

• Insurance and indemnity arrangements 
• Director/trustee compensation issues 
• Fund governance, including audit committee responsibilities 
• Fund mergers and liquidations 
• Changes of control and other structural changes affecting the investment adviser 
• Investment advisory fee negotiations 
• Resolution of possible contractual breaches 
• Oversight of soft-dollar and other brokerage practices 
• Litigation involving the fiduciary duties of independent directors and trustees 
• Valuation issues