Mary E. Mullin
About Mary E. Mullin
Mary E. Mullin serves as Secretary and Chief Legal Officer for the Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (EDD), and is a Managing Director and Chief Legal Officer of Morgan Stanley Investment Management Inc. (the Adviser) and affiliated entities; her birth year is 1967 and she has served as Secretary of the Funds since June 1999 and CLO since 2016 . The latest proxy lists executive officers and Board structures but does not disclose officer-level compensation metrics, incentive structures, or performance measures such as TSR, revenue growth, or EBITDA growth for EDD’s officers; compensation detail provided pertains to directors, not officers . Aggregate beneficial ownership by officers and directors in each Fund (including EDD) is less than one percent, limiting direct alignment via fund shareholdings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Morgan Stanley Investment Management Inc. (Adviser) | Managing Director | Since 2018 | Senior legal leadership across Adviser and affiliates |
| Morgan Stanley Investment Management Inc. (Adviser) | Chief Legal Officer | Since 2016 | Oversees legal affairs across Adviser and affiliates |
| Morgan Stanley Funds (including EDD) | Secretary | Since June 1999 | Corporate secretary for Funds; governance and disclosure responsibilities |
| Morgan Stanley Funds (including EDD) | Chief Legal Officer | Since 2016 | Legal oversight for Fund Complex |
External Roles
No external public company boards or outside roles for Mary E. Mullin are disclosed in the latest DEF 14A; the filing lists her Fund and Adviser roles only .
Fixed Compensation
- Officer compensation for Mary E. Mullin (base salary, bonus) is not disclosed at the Fund level in the proxy; she is employed by the Adviser as Managing Director and Chief Legal Officer, and the proxy’s compensation detail pertains to directors, not officers .
Performance Compensation
- EDD’s proxy provides no disclosure of officer equity awards (RSUs/PSUs), option grants, vesting schedules, or performance metrics tied to officer pay for Mary E. Mullin .
Equity Ownership & Alignment
| Item | As of Date | Value |
|---|---|---|
| Officers and Directors as a group: Beneficial ownership of EDD Shares | April 11, 2025 | Less than 1% of outstanding Shares |
- Independent Directors show “None” across CAF/MSD/EDD/IIF holdings and “Over $100,000” aggregate across the Family of Investment Companies; officer-level individual ownership (including Mullin) is not itemized in the proxy .
Employment Terms
| Item | Detail |
|---|---|
| Current Titles | Secretary; Chief Legal Officer of the Funds; Managing Director and Chief Legal Officer of the Adviser |
| Service Start Dates | Secretary since June 1999; CLO since 2016; Managing Director since 2018 |
| Term | Each officer serves an indefinite term until a successor is appointed |
| Address | 1633 Broadway, New York, NY 10019 (Officer contact listed) |
Governance Context (Board/Committee cadence at EDD)
| Committee | Meetings (FY ended Oct 31, 2024 for EDD) |
|---|---|
| Board of Directors | 5 |
| Audit Committee | 4 |
| Governance Committee | 4 |
| Compliance & Insurance Committee | 4 |
| Equity Investment Committee | 5 |
| Fixed Income, Liquidity & Alternatives Investment Committee | 5 |
| Risk Committee | 4 |
- The joint proxy details Board leadership and standing committees; officers like Mullin support governance but are not directors or committee chairs in the Funds .
Compensation Structure Analysis
- Pay-for-performance: No officer compensation framework disclosed; director compensation is standardized via retainer and committee chair fees funded pro-rata across Morgan Stanley Funds, not tied to Fund performance metrics .
- Equity-based incentives: No RSU/PSU/option disclosure for officers; no vesting schedules or clawbacks disclosed for officers in the proxy .
- Ownership alignment: Aggregate insider ownership under 1% suggests limited alignment via fund shares; no pledging or hedging disclosures for officers found in the proxy .
Risk Indicators & Red Flags
- Legal or regulatory proceedings involving Mullin: Not disclosed in the proxy .
- Option repricing, tax gross-ups, golden parachutes, or related-party transactions involving officers: Not disclosed for Mullin; proxy focuses on director compensation and governance .
Investment Implications
- Retention risk appears low given Mullin’s long tenure (Secretary since 1999; Adviser CLO since 2016), senior status at the Adviser, and indefinite officer terms; however, compensation specifics and severance/change-of-control economics for officers are not provided, limiting pay-for-performance assessment .
- Alignment via Fund share ownership is minimal at the group level (<1%), and the proxy lacks officer equity award details—reducing insights into potential insider selling pressure or vesting-driven trading signals for EDD .
- Robust Board committee cadence indicates strong governance oversight; as CLO and Secretary, Mullin’s influence is primarily on legal/compliance risk rather than direct performance levers, making trading signals tied to her actions indirect and dependent on broader Fund updates rather than personal compensation events .