We assist clients by providing experienced industry professionals to act as independent directors to regulated investment funds. The service is based on five key pillars:
- Delivery – we are effective, pragmatic and understand the operating environment
- Corporate Governance – excellent understanding of the corporate governance requirements of the Irish Market
- Independence – our firm does not provide management company, administration services or trustee services to our clients
- Industry Insight – connected and active in the industry forums in Ireland
- Risk Awareness – recent frontline experience plus our risk advisory work ensure we are best of breed in this regard
Our independent directors can also undertake an organisational effectiveness role if required. As per the Fund Management Companies – Guidance which was issued by the Central Bank of Ireland in December 2016 “one of the independent directors of a fund management company, which could be the Chair if he or she is independent, should undertake an organisational effectiveness role.”
Service Provider Selection
The choice of administrator/custodian during the set up phase of a fund is of upmost importance in order to optimise the operating effectiveness of the fund. Nexus Governance offers a complete and independent RFP service from criteria assessment to final selection.
Independent Valuation Error Support
We provide industry leading support to resolve significant and/or complex NAV issues. We step in to give fund boards independent verification to ensure that investors are protected through what can be a complex remediation process.
Operational Risk Assessment
Utilising our front line experience we provide a market leading insight to operational risk and we leverage this experience to provide operational risk assessments to investment managers and fund boards. Additionally, we provide specialised opinion on the practical effectiveness of business continuity plans.
Performance Fee Verification
Performance fee calculation errors can have significant financial and reputational impact to fund promoters, investment managers, and service providers. Nexus Governance can provide an annual independent review of performance fee calculations to ensure accuracy and alignment to fund documentation.
Board Self-Assessment support
A board self-assessment is a key step on the road to governance excellence. A fundamental part of quality leadership is regularly evaluating how the board is doing. Nexus Governance can independently support fund boards by conducting a board self-assessment.