Investment management partner David Sullivan (Boston) was recently quoted in BoardIQ’s Nov. 17 article that examines the recent conversions of cluster boards into single bodies within one fund complex. Although these consolidations can be complicated and costly, efficiencies and streamlining communications to various parties is a benefit to management. However, as Mr. Sullivan outlines, many questions will need to be answered during the conversions. One solution, noted Mr. Sullivan, is “for directors to form a joint committee with members from each board to work through all the decisions.”
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