Cullen, Margaret M.; Brennan, Niamh M. - In: Accounting, Auditing & Accountability Journal 30 (2017) 8, pp. 1867-1894
Purpose Boards of directors are assumed to exercise three key accountability roles – control, monitoring and oversight … (that establish and attract investors to the funds) exercise control and monitoring roles. As a result, contrary to prior … assumptions, oversight is the primary role of investment fund boards, rather than the control role or monitoring role associated …