Cayman Funds Feature: Decade of Independent Governance

The Cayman Islands has successfully navigated a raft of almost constant regulatory change in the past decade. Here we speak to Cayman Funds about the biggest changes in the environment and some of the challenges that remain. In the past few years, fundamental governance-related issues such as capacity (numbers), substance over form (form over substance), and board composition (split boards), have been used as marketing pitches.

The industry needs to ensure the focus remains on the underlying fundamentals of good governance and the right board composition and not simply on retaining directors from different fiduciary firms. Where the main consideration or key focus is only to engage independent directors from different fiduciary firms, this narrow focus, for the most part, misses the fundamental objective of establishing an effective and diverse board.

To read the full Cayman Funds article click here.

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Disclaimer: this publication does not constitute legal or professional advice and should not be relied on as such.