CCO Responsibilities and Compensation
Bulletins and articles related to the board's relationship with the CCO.

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file icon What Separates the Best CCOs from the Rest? 10/31/2011 Hits: 1040
The passage of the Dodd-Frank Act in July 2010, along with regulators’ increased emphasis on risk management, is heightening the importance of having the right person in the chief compliance officer role.
 
Red flags should go up if the investment advisor and the fund board have anything but full confidence in the CCO’s ability to carry out compliance responsibilities in today’s more stringent regulatory landscape. All signs indicate that demand for skilled CCOs will only continue to increase.
file icon Top Issues for Today's CCO 12/10/2009 Hits: 1578
After five full years of existence the responsibilities of the Fund CCO need reexamining. Of course, Rule 38a-1 of the Investment Company Act specifies that the CCO shall ensure that the Fund complies with all of the Securities Laws, but the practical problems associated with being accountable to the fund board, building an annual compliance plan, setting priorities, securing resources, and taking corrective action, have all changed since October 2004. This Bulletin will examine some of the professional and personal issues facing today’s CCO.
file icon Mutual Fund Director Compensation in 2012 - Released April 2013 04/30/2013 Hits: 765
Management Practice Inc. (MPI) has just completed its 20th annual “Survey of Mutual Fund Director/Trustee Compensation and Governance Practices”, with data covering 1,761 directors from 368 fund families. Full reports and specific board compensation comparisons are available from MPI.
file icon Mutual Fund CCO Compensation in 2012 06/26/2013 Hits: 735
     MPI recently completed its eighth annual Survey of Mutual Fund Chief Compliance Officer Compensation and Organizational Practices. This bulletin summarizes the findings and is based on the submissions of 60 mutual fund CCOs from all regions of the U.S., representing funds with $1.9 trillion in assets.  This year’s study found that 65% of the participants were full-time employees and serve as CCO to both the fund and the advisor.
file icon Mutual Fund CCO Compensation in 2011 07/01/2012 Hits: 778
     MPI recently completed its seventh annual Survey of Mutual Fund Chief Compliance Officer Compensation and Organizational Practices. This bulletin summarizes the findings and is based on the submissions of 61 mutual fund CCOs, representing funds with $2.1 trillion in assets.  
file icon Lower Bonuses Reduce Pay for Higher-Paid CCOs in 2008 07/22/2009 Hits: 1214
MPI recently completed its fourth annual Survey of Mutual Fund Chief Compliance Officer Compensation and Organizational Practices. This bulletin summarizes the findings and is based on the submissions of 56 fund CCOs, representing funds with $2.3 trillion in assets.  66% of the participants were full-time employees and serve as CCO to both the fund and the advisor.
file icon How Mutual Fund Boards Should Take CARE of their CCOs 10/12/2010 Hits: 977
     The role of a mutual fund’s Chief Compliance Officer was partially devised to assist the board in the execution of their duties. Principle among them is to ensure that the Fund complies with the Securities Laws. In many ways the CCO is the eyes and ears of the fund directors. And in return, the fund board has an obligation to guide, monitor and support their CCO.
file icon CCO Pay Rebounds Slightly at Larger Firms 07/15/2010 Hits: 1689
MPI recently completed its fifth annual Survey of Mutual Fund Chief Compliance Officer Compensation and Organizational Practices. This bulletin summarizes the findings and is based on the submissions of 65 fund CCOs, representing funds with $2.9 trillion in assets.  66% of the participants were full-time employees and serve as CCO to both the fund and the advisor.
file icon CCO Pay Holding Steady; Majority of CCOs are Lawyers 07/05/2011 Hits: 827
     MPI recently completed its sixth annual Survey of Mutual Fund Chief Compliance Officer Compensation and Organizational Practices. This bulletin summarizes the findings and is based on the submissions of 63 fund CCOs, representing funds with $3.4 trillion in assets.  65% of the participants were full-time employees and serve as CCO to both the fund and the advisor.