Fund Governance FAQS

DMS offers high-quality, fund governance through credentialed independent professionals leveraging advanced governance technology to serve investment funds.  We are guided by the four pillars of investor protection in delivering a fast, reliable and accurate service to investment funds of all types and sizes.

Fund Governance FAQS

WHY CHOOSE DMS FOR FUND GOVERNANCE?

With DMS you’re not just getting the world’s top experts in fund governance, you’re also getting the best practices developed over 17 years and technology that enable them to add more value, save you time and frustration and protect fund stakeholder interests.

HOW IS INDEPENDENCE ASSURED?

An independent Director is free of conflicting loyalties that would adversely affect his or her professional judgment and ability to discharge fiduciary duties in an impartial, objective and unbiased manner.

WHAT FUND GOVERNANCE SERVICES DOES DMS PROVIDE?

The principals of DMS act as Independent Directors to Investment funds. Board Support services are also available. Funds that we serve on are supported by a team of fund governance professionals comprising a Director, an Associate Director and Associate, and other experts, each of whom has a high degree of fund literacy and specialized knowledge.

HOW MANY RELATIONSHIPS DOES DMS MANAGE?

DMS allocates resources to each client so that all client needs and expectations are well served. Before accepting new engagements, we evaluate each client’s needs in relation to our resources and we will accept an engagement only if we believe that we can fulfill our duties to the fullest.

HOW DOES DMS DEFINE A RELATIONSHIP?

A relationships is with a fund sponsor. We are a regulatory compliant organization.

HOW OFTEN DOES THE BOARD MEET?

The board of directors of a regulated mutual fund in the Cayman Islands (the “Fund”) should meet at least twice a year in person, by conference call or video conference to ensure quality fund governance on a continuing basis.

WHAT IS THE APPROPRIATE BOARD SIZE?

We recommend that the majority of the board be independent. Ultimately, the board should determine the appropriate size for itself, but in our experience smaller boards (two to three members) are more cohesive and function more effectively. DMS can fill more than one independent Director position on the same board.

WHAT ARE THE KEYS TO AN EFFECTIVE BOARD COMPOSITION?

For effective board composition, we recommend that Directors be independent, possess hedge fund literacy and have diverse talents and backgrounds.

WHAT FEES DO YOU CHARGE?

Our fees vary based on the jurisdiction and the nature and extent of the duties and responsibilities in the fund documents.

DO YOU USE SERVICE AGREEMENTS?

In keeping with industry standards we normally enter into a Director’s Services Agreement however it depends on a case by case basis.

DO YOU REQUIRE DIRECTOR OR OFFICER INSURANCE?

In keeping with industry standards we normally request director & officers insurance at the fund level however it is considered on a case by case basis. Officer Insurance to serve on a board.

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