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What is the role of the manager and board of directors?

The investment trust manager is in charge of the day-to-day running of the investment trust. They decide where to invest the money held by the trust and when to sell holdings.

The board of directors are appointed to uphold the best interests of investors. They are usually independent of the investment manager and will meet on a regular basis to ensure the objectives of the trust are being met.

Like other companies, shareholders can vote to remove members from the board of directors.

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