Corporate Governance


We expect our employees, officers and directors to conduct themselves according to the highest level of integrity and ethics. Implicit in this philosophy is the maintenance of sound corporate governance. Our Board of Directors provides strong and effective corporate oversight. All outside directors are independent and serve on the Boards of both Adams Diversified Equity Fund and Adams Natural Resources Fund.

The Board oversees the management of the business and affairs of the Funds in accordance with Maryland law and other applicable laws and regulations, in a manner consistent with the best interests of the Funds and their shareholders.  In this oversight role, the Board serves as the ultimate decision-making body of the Funds, except for those matters reserved to or shared with the shareholders.  The Board selects and oversees the CEO, who is charged by the Board with conducting the business of the Funds.

Board of Directors

Independent Directors

Kathleen T. McGahran, Ph.D., J.D., CPA
Non-Executive Chair of the Board of Directors

Enrique R. Arzac, Ph.D.

Kenneth J. Dale

Frederic A. Escherich

Roger W. Gale, Ph.D.

Mary Chris Jammet

Lauriann C. Kloppenburg

Craig R. Smith, M.D.

Interested Director

Mark E. Stoeckle