Not clear why boards in listed companies could not make speedy decisions - if the will and skillset are there. At least boards in listed companies are more transparent as fiduciaries and often real investors can see the impact of their actions more directly.
(16-Jan-2019)
60 seconds with Bill Priestley
The case law on who bears the risks inherent in a mutual fund’s operations
is becoming paradoxical, and may now require intervention by mutual fund
boards....
17 hours ago
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