Fund Boards Focused On How Advisers Best Work From Home
Nicole Crum was quoted in the article, "Fund Boards Focused On How Advisers Best Work From Home," [sub. req.] which was published by Fund Directions on March 26, 2020.
The article discusses how the fund industry has adapted to continue operating and working remotely during the COVID-19 crisis, with boards leveraging business continuity plans, utilizing videoconferencing and holding more frequent meeting updates outside of the originally scheduled meeting calendar.
Nicole comments on the challenges that arise from using new technologies, and observes that board chairs are working to make meeting time extremely meaningful and even using pre-calls to ensure board members are comfortable with the technology before meetings take place. Nicole recommends that her boards increase communication by holding check-ins with advisers every two to three weeks and meetings with board chairs even more frequently during the duration of the crisis to make sure they are proactively dealing with new difficulties that emerge.