Saba is in search of to take away the boards of seven trusts through which it’s a main shareholder, initially planning to exchange them with a two-director board comprising a Saba consultant and an unbiased director.
This sparked considerations and questions from throughout the business in regards to the independence of those proposed boards, which is a key part to the general oversight of funding firms.
AIC writes to FCA elevating regulatory considerations over Saba marketing campaign and retail shareholder safety
Funding firm boards acts as a separate entity to the funding managers, as the shape…
