Fund managers in the U.S. and the U.K. are almost evenly split over a fund’s need for independent boards. According to Global Investor magazine, 54% of managers across the pond reject the requirement, while 50% on this side of the Atlantic favor it. In other issues, 82% of U.K. funds require their managers to account for soft commissions, nearly twice the 43% in the U.S. And while half the U.S. respondents say they disclose voting records from all their portfolios, only one out of three did the same in the U.K.
