Mutual fund boards are winning the respect of
In a report published on Morningstars Web site, Kinnel noted that mutual fund boards rarely take a stand to help shareholders without prompting from regulators or powerful shareholders. What the board at WWW Internet Fund has done is remarkable, Kinnel said, because the trustees have acknowledged the funds obviously poor management and started a dialogue to alleviate the problem.
Kinnel also sings praises for the board of the
In an effort to help motivate further upstanding board conduct, Kinnel has compiled a list of conscionable board decisions that is available on Morningstars Web site
