What's good for active funds is just as good for passive

Dan Draper, Global Head of ETFs, Credit Suisse explains why the experience and robustness of boards of directors are not issues confined to active funds, but should also be analysed for passive products.   Draper’s comments propel issues of board composition and corporate governance up the agenda for ETFs and their investors. “At the moment, not enough emphasis has been put on this,” he points out. “You need an independent board with strong governance and power to ensure the fund is being run correctly, and all manager decisions have to be reviewed and approved by the board.   “One can ...