Dan Draper: Looking to good ETF governance

The experience and robustness of boards of directors are not issues confined to active funds, and should also be analysed for passive products, says Credit Suisse’s Dan Draper. The comments from Credit Suisse’s global head of ETFs will propel issues of board composition and corporate governance – traditionally more applied to active products including hedge funds – up the agenda for ETFs and their investors. Draper says: “At the moment, not enough emphasis has been put on this. You need an independent board with strong governance, and power to ensure the fund is being run correctl...