Board of Directors

First American Funds Board of Directors

The First American Funds Board of Directors is 100% independent, with six directors headed by Richard Riederer. Mr. Riederer has served as the independent chair of the board since 2017, having joined the board in 2001. As chair of the First American Funds’ board, Mr. Riederer leads the board in all aspects of its responsibilities, including those relating to oversight of the funds, governance, compliance, and shareholder relations.

First American Funds' directors have four regularly scheduled meetings each year and hold additional meetings, as necessary.

Audit Committee - The Audit Committee is chaired by Roger Gibson and also includes Richard Riederer, James WadeDavid Baumgardner, Mark Gaumond and Victoria Herget. Among the committee's responsibilities are:

  • Overseeing the funds' accounting and financial reporting policies and practices and internal controls;
  • Reviewing the funds' financial statements and independent audit;
  • Acting as a liaison between the funds' independent auditors and the Board of Directors; and
  • Selecting and evaluating the funds' independent auditors.

Governance Committee - The Governance Committee is chaired by James Wade and also includes Richard Riederer, Roger Gibson, David Baumgardner, Mark Gaumond and Victoria Herget. The committee has a number of responsibilities, including overseeing:

  • Board composition;
  • Committee structure;
  • Director education; and
  • Governance practices (including the periodic review of published industry "best practices").