Fund board combination has grown in popularity, and sharing the top leadership role is one way that a newly consolidated board can help foster a sense of cohesion.
In an article in BoardIQ, asset management partner Jessica Reece noted that “broadly, co-chairs are a pretty common approach when combining boards.”
“My outside view of it is that it’s a creative way to make sure that folks from the predecessor board feel included and that they have a long-term stake and a year out from now they can reassess the co-chair structure,” she said.
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