BISYS Announces BoardAssist(TM) for Independent Directors; Program Delivers Independent Support Services to Independent Directors.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BISYS, a leading provider of outsourcing solutions for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector, today announced the launch of its BoardAssist(TM) suite of services. The program delivers a broad range of support for independent directors aimed at providing them with an objective source for research, educational seminar modules and industry information. "The fund industry, its regulations and oversight requirements are evolving rapidly. Independent directors find themselves in need of more objective information from a broader scope of sources to make the critical decisions they face," said George Martinez, senior vice president, BISYS Fund Services. "With the adoption of the Fund Governance Rules, the SEC recognized this reality and encouraged independent board members to avail themselves of third parties as an objective resource. Given that view and the heightened fund governance obligations of boards, we believe BoardAssist is an ideal solution to facilitate an independent director's ability to learn the technical aspects of the mutual fund industry with complete objectivity." Components of the program include a library of educational modules delivered by BISYS subject matter experts, customized and standard research from BISYS and Financial Research Corporation, a subsidiary of The BISYS Group, Inc., as well as industry news and information. Over 15 seminar modules are in the pipeline thus far with topics ranging from a basic overview of the Investment Company Act of 1940 to fund advertising, fund compliance and best execution. Written by BISYS' in-house professionals in collaboration with industry-leading legal, audit and consulting firms, the educational seminars take place on location and include a user's manual, study guide and self-assessment examination. BISYS conducted a complimentary demonstration of its BoardAssist offering in January using a webcast format to which over 50 participants attended, including independent directors, CCOs and other industry-related professionals. The interactive presentation was an abbreviated version of BISYS' seminar module "Directors' Guide to Mutual Fund Fees and Expenses Mutual fund fees and expenses are charges that may be incurred by investors who hold mutual funds. Running a mutual fund involves costs, including shareholder transaction costs, investment advisory fees, and marketing and distribution expenses. ." BISYS has scheduled a repeat of the webcast on February 16, 2006, from 2 to 3 p.m. EST. Additional information can be obtained by emailing boardassist@bisys.com. About BISYS The BISYS Group, Inc. (NYSE NYSE See: New York Stock Exchange : BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin ) provides outsourcing solutions that enable investment firms, insurance companies, and banks to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , private equity funds, retirement plans and other investment products. Through its Insurance Services group, BISYS is the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. , disability, and annuity products. BISYS' Information Services See Information Systems. group provides industry-leading information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. , imaging, and back-office services to banks, insurance companies and corporate clients. Headquartered in New York, BISYS generates more than $1 billion in annual revenues worldwide. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, services and related products, prices and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion