The role of the ________ is to represent the fund shareholders by jointly overseeing the activities of a company.

Question

Quizplus · Accepted Answer

The board of directors oversees the activities of the company on behalf of its shareholders. In the case of a mutual fund, the board of directors represents the fund shareholders and is responsible for selecting the fund's investment advisor, determining the fund's investment objectives and policies, and approving contracts with service providers such as the transfer agent and distributor/broker-dealer. The investment advisor provides investment advice to the fund, while the distributor/broker-dealer is responsible for marketing and distributing the fund's shares. The transfer agent is responsible for keeping track of shareholder accounts and processing transactions.

The Role of the ________ Is to Represent the Fund