Fund directors' database debated

(CNS Business): A database of Cayman hedge fund directors and the funds for which they act was called for during a debate on corporate governance oversight at last week’s GAIM Ops Cayman conference. It was suggested that if the Cayman Islands Monetary Authority allowed for a database of directors to be available to bona fide investors, this would aid in investors’ quest for transparency and accountability, a suggestion that CIMA’s Head of Investment and Securities said the authority was already looking at. Cayman directors and representatives for investors went head to head during a panel discussion at the conference, with investors airing their concerns that they had not properly spelt out their expectations of directors, while directors in turn agreed that investors’ expectations were not sufficiently clear. Read more on CNS Business