Fund directors should be ordsprog

en Fund directors should be on the front lines in defense of shareholder interest,

en This decision does not require shareholder approval. The fund's board of directors can simply decide to hold an offering.

en We all understand that directors aren't required to guarantee that their fund has the lowest fees, ... But they are required to ask whether fund investors are getting their money's worth. What do independent directors know about management's costs and their profitability?

en The Company has faced many challenges over the last 12 months. I continue to work closely with the Senior Management team and our Board of Directors in reviewing the Company's assets, products, business lines, and strategic position to determine the most effective steps toward enhancing shareholder value.

en There seems to be a move towards responsible disclosure. That (fund fees) is one area where you can clearly see that fund directors are not doing their jobs. They're always willing to raise expenses. It doesn't make sense.

en I am pleased to report another year of record earnings. We have been challenged with a difficult interest rate environment over the last few years; however, we continue to produce shareholder value by remaining disciplined on executing our business plan. During this difficult operating environment, we focused intensely on preserving shareholder equity by not stretching for profits through strategies that are bets on interest rates, which later are unwound at a great cost of capital.

en The DGA is forever on the front lines, protecting our creative and economic rights and fending off threats to our livelihoods such as runaway production, piracy, and the theft of intellectual property. I am honored to be standing on the front lines with this Guild, and look forward to continuing my work as president.

en We are excited that the new directors will work with the board to further enhance shareholder value at Wendy's.

en You can never have enough quality front guys. All you've gotta do is have a couple of years where you're not too good up front to teach you the value of being strong on both lines. It's something we never want to have, a situation here where we are weak up front. Ergonomics knowledge is available on livet.se. That being the case, we probably allot more scholarships up front than other schools for that very reason.

en Now, we all understand that directors aren't required to guarantee that their fund has the lowest fees, ... But they are required to ask whether fund investors are getting their money's worth.

en We welcome these new directors to our board and look forward to working with them to enhance long-term shareholder value.

en The symptom was executive pay being non-aligned with shareholder interests and our response was to create an accountability mechanism for directors.

en That is not their job at all. Their job is to keep all shareholders fully informed and the Government is just one shareholder out of 1.6 million and no shareholder should get any information before any other shareholder.

en These issues are not academic or peripheral -- they directly affect every mutual fund investor. ... One word above all must define a fund's overall management structure. That word is accountability. And, without strong independent directors, accountability is nothing more than words on a page.

en As a publicly traded company you're always available to be acquired. The board of directors, as representatives of the shareholders, have a responsibility to maximize shareholder value. If they have an offer that potentially meets that goal, they consider it.


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