Bovill Newgate & Ocorian: Alternative fund managers prioritise governance

Bovill Newgate & Ocorian: Alternative fund managers prioritise governance

22 oktober 2024

Alternatives ESG
Algemeen (36) economie analyse

New research from Bovill Newgate and Ocorian has found that 65% of alternative fund managers have been subject to governance-related fines or sanctions within the last two years, despite many firms claiming to have strong governance practices.

The study, which surveyed over 100 senior executives and compliance professionals working for alternative fund managers, found that 90% of respondents expect their focus on governance to increase significantly over the next two years, with nearly a third anticipating a dramatic rise in attention.

While most fund managers acknowledge the importance of governance, with 93% stating that their board has the right blend of skills, the research highlights the increasing pressure to improve governance frameworks, particularly in the face of evolving regulatory requirements.

Ocorian, a global leader in corporate services, is addressing this growing need with its director services – providing experience directors and governance experts and partners with Bovill Newgate whose board evaluation expertise combines to help firms assess and enhance the effectiveness of their governance structures, ensuring compliance and long-term stability.

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