Message from the Board of Governors
The members of your Board of Governors are proud to serve the interests
of the RBC Funds and RBC Private Pools and the investors who place their
trust in the integrity and professional expertise of RBC Asset Management.
The advisory Board of Governors of the RBC Funds was established in
1994 specifically to provide advice to the fund manager regarding conflicts
of interest in mutual fund management. |
Lloyd R. McGinnis
Chair, Board of Governors |
| Securities regulators have given the Board of Governors a
specific role to review mutual fund conflict of interest matters identified
and referred to us by RBC Asset Management and to give our approval or
recommendation. Our focus is on the question of whether the fund manager's
proposed action achieves a fair and reasonable result for the mutual fund. |
Our members have completed their orientation concerning new National Instrument 81-107, Independent Review Committee for Investment Funds and the Board of Governors has given its approvals and recommendations to RBC Asset Management.
We congratulate RBC Asset Management on its leadership in the Canadian mutual fund industry and look forward to the continuation of open communications and an effective working relationship for the benefit of the RBC Funds and RBC Private Pools.
Lloyd R. McGinnis
Chair of the Board of Governors
