Fund Directors’ Responsibilities for Measuring Best Execution and Monitoring Soft Dollars

For independent directors of mutual funds, their support staff and related personnel.

Topics covered include:

1. How should trade execution be measured?
2. What are my legal obligations?
3. Is brokerage commission all that relevant?
4. How much “alpha” is lost in trading?
5. How efficient are the soft dollar brokers?
6. How much premium should we pay to redeem soft dollars?

TOPICS COVERED INCLUDE:

1. Latest benchmarks for compensation.
2. Paying attention to the options.
3. How to measure the degree of difficulty.
4. How much premium to pay for committee service?
5. Is severence ever justified?
6. Are retirement benefits ever appropriate?

With limited attendance to promote lively
interaction with a distinctly managerial,
rather than legal or accounting, focus.