John M. Ford Quoted in BoardIQ Article, 'Lots of Questions After Board Fires Adviser but Few Answers.'
John M. Ford, co-chair of the Financial Services Practice Group and vice chair of the Investment Funds Industry Group of Pepper Hamilton, was quoted in the July 14, 2015 BoardIQ article, "Lots of Questions After Board Fires Adviser but Few Answers."
“There’s certainly a lot of unanswered questions. To me, there’s not a full picture, and I think there’s more information to be seen,” says John Ford, a partner at Pepper Hamilton. “Something happened that caused the loss of confidence in the adviser. The course of conduct [the board] took must have been the most obvious…under the circumstances to move so decisively.”
“You do have what appears to be an intermediated transaction between affiliates,” Ford says after being told of the transfers.
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