Establishing a Best-in-Class Governance Framework for Cayman Funds (Part Two of Two)

This article first appeared in Hedge Fund Law Report.

The role of professional independent directors in the alternative investment funds industry in the Cayman Islands has greatly evolved over the past 20 years. The demand by both regulators and investors for better governance and increased independent oversight over the management and administration of investment funds has been driven by high-profile fraud cases, as well as key changes in US and global economic cycles.

In a two-part guest series Director and General Counsel, Sabrina Foster, explains how to establish a best-in-class governance framework for Cayman funds. This second article analyses board meetings, service provider reports and board self-assessments. The first article explored board selection and composition, as well as on‑boarding directors.

To read and download the full article, please click the image below.