Laura Donovan
About Laura Donovan
Laura T. Donovan (year of birth 1976) serves as Chief Compliance Officer of Eaton Vance Enhanced Equity Income Fund (EOI), and has held this officer role since 2024 with an indefinite term of office . She is a Vice President of Eaton Vance and Boston Management and Research (BMR) and serves as an officer across the Eaton Vance fund complex (123 registered investment companies) . Because she is affiliated with Eaton Vance and owns Morgan Stanley stock, she benefits from advisory and/or administration fees paid by the Fund to Eaton Vance; officers affiliated with Eaton Vance may hold comparable positions across affiliates . The business address of each officer is One Post Office Square, Boston, Massachusetts 02109 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Eaton Vance Management and Boston Management and Research (BMR) | Vice President | Past five years | Officer across the Eaton Vance fund complex (123 registered investment companies) |
| Eaton Vance Enhanced Equity Income Fund (EOI) | Chief Compliance Officer | Officer since 2024 (indefinite term) | Senior compliance oversight for the Fund; affiliated officer role benefiting from advisory/admin fees paid to Eaton Vance |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Eaton Vance Fund Complex | Officer across 123 registered investment companies | Ongoing | Affiliated officer roles across Eaton Vance/BMR-managed funds |
Fixed Compensation
| Component | Disclosure Status | Notes |
|---|---|---|
| Officer compensation paid directly by EOI | No | Trustees and officers affiliated with EVM receive remuneration for their services to the Fund out of the investment adviser fee; EVM serves as administrator to the Fund but receives no compensation from the Fund for administration |
| Base salary | Not disclosed in Fund filings | Officer compensation is determined and paid by Eaton Vance; EOI filings do not itemize officer salaries |
| Cash bonus | Not disclosed in Fund filings | No officer-specific cash bonus disclosure in EOI proxy/N-CSRS |
| Perquisites | Not disclosed in Fund filings | No officer-specific perquisite disclosure in EOI proxy/N-CSRS |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Officer-specific performance-based metrics (e.g., TSR, revenue, EBITDA, ESG) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Equity Ownership & Alignment
| Item | Disclosure | Notes |
|---|---|---|
| Beneficial ownership in EOI by officers | Not disclosed | Proxy discloses beneficial ownership ranges for Trustees, but does not provide officer holdings |
| Stock ownership guidelines for officers | Not disclosed | No officer-specific stock ownership guideline disclosure in EOI proxy |
| Shares pledged as collateral | Not disclosed | No pledging disclosure for officers in EOI proxy/N-CSRS |
| Vested vs. unvested shares; options exercisable/unexercisable | Not disclosed | No officer equity award breakdown disclosed in EOI filings |
Employment Terms
| Term | Detail | Notes |
|---|---|---|
| Officer since | 2024 | Donovan is listed as Chief Compliance Officer since 2024 |
| Term of office | Indefinite | Officers of the Fund hold indefinite terms of office |
| Employer affiliation | Eaton Vance and BMR | Vice President of Eaton Vance and BMR; affiliated across fund complex |
| Compensation source | Remuneration out of adviser fee | Officers affiliated with EVM receive remuneration for services to the Fund out of the investment adviser fee; EVM also serves as administrator (no admin fee) |
| Change-of-control, severance, non-compete, non-solicit | Not disclosed | No officer employment contract terms are discussed in EOI proxy/N-CSRS |
Investment Implications
- Compensation alignment: Donovan’s compensation is determined and paid by Eaton Vance (affiliated with Morgan Stanley IM) rather than by EOI directly, limiting transparency and direct linkage to Fund TSR or operating metrics; this structure reduces Fund-level pay-for-performance visibility for investors .
- Insider selling pressure and equity alignment: EOI filings do not disclose officer equity awards, holdings, or pledging—making it difficult to assess personal alignment, lock-ups, vesting schedules, or potential selling pressure for Donovan .
- Retention and continuity: Indefinite officer terms and employment within the Eaton Vance/Morgan Stanley ecosystem suggest continuity of fund operations; however, absence of disclosed severance/change-of-control terms constrains formal assessment of retention economics .
- Governance context: Donovan operates within a Board structure comprised of noninterested Trustees and multiple committees overseeing the adviser and administrator; officers affiliated with Eaton Vance benefit from advisory/admin fees, aligning responsibilities with the broader Eaton Vance complex rather than EOI-specific incentives .