Laura T. Donovan
About Laura T. Donovan
Laura T. Donovan is Chief Compliance Officer of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and an officer across the Eaton Vance fund complex. She was first elected as an officer in 2024 and is listed as Vice President of Eaton Vance and Boston Management and Research (BMR), serving as an officer of 123 registered investment companies managed by Eaton Vance or BMR. Her birth year is 1976, and officers hold indefinite terms of office with business address at One Post Office Square, Boston, MA 02109 . ETW’s semi-annual report also lists Donovan among the Fund’s officers in mid-2025, confirming her CCO role .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Eaton Vance Management; Boston Management and Research | Vice President; Officer across 123 registered investment companies | Officer since 2024 (fund role); years in VP role not disclosed | Compliance leadership across Eaton Vance fund complex and oversight of fund compliance programs |
External Roles
None disclosed for Donovan in ETW’s proxy and reports .
Fixed Compensation
- Officers affiliated with Eaton Vance receive remuneration for services to the Fund out of the investment adviser fee; the Fund does not pay them directly, and Eaton Vance serves as administrator but “receives no compensation” from the Fund for administration .
- ETW does not disclose officer-level cash compensation components (base salary, target/actual bonus) or any Fund-paid amounts for officers; only trustee compensation is itemized separately in the proxy .
Performance Compensation
- No officer-specific equity awards (RSUs/PSUs/options), performance metrics, targets, or payouts are disclosed for ETW officers. ETW’s Form N-CSR indicates “Item 18. Recovery of Erroneously Awarded Compensation — Not applicable,” implying no clawback-triggered compensation programs at the Fund level .
- ETW’s Board reviewed Fund performance versus peer groups and benchmarks; performance was below the peer median for the three-year period ended December 31, 2024, and mixed versus benchmark indices, but no officer pay linkage to these metrics is disclosed .
Equity Ownership & Alignment
- Officer beneficial ownership is not disclosed in ETW’s proxy or reports. As of January 28, 2025, “no Trustee beneficially owned a Fund’s equity securities,” and trustees instead report aggregate dollar ranges across the Eaton Vance family of funds; this disclosure does not cover officers like Donovan .
- No disclosures on pledging or hedging policies applicable to Donovan, and no stock ownership guidelines for officers are provided in ETW materials .
Employment Terms
| Term | Detail |
|---|---|
| Title | Chief Compliance Officer (ETW); Vice President (Eaton Vance and BMR) |
| Officer Since | 2024 (first elected in EV fund family) |
| Term | Indefinite term of office for Fund officers |
| Compensation Source | Officers affiliated with EVM are remunerated out of the investment adviser fee; ETW does not pay them directly |
| Clawback | “Recovery of Erroneously Awarded Compensation — Not applicable” at Fund level |
| Address | One Post Office Square, Boston, MA 02109 |
Investment Implications
- Compensation alignment: Donovan’s officer compensation is paid by Eaton Vance out of advisory fees, with no Fund-level disclosure of salary/bonus or performance metrics. This limits visibility into pay-for-performance alignment with ETW’s trading performance or NAV/TSR outcomes .
- Insider selling pressure: No officer ownership or vesting schedules are disclosed for ETW; trustees did not beneficially own ETW shares as of January 28, 2025, and officer share data is absent. As a result, direct insider selling pressure signals tied to Donovan are unavailable .
- Retention/contract risk: Officers serve indefinite terms and no employment agreements, severance, or change-of-control provisions are disclosed at the Fund level, limiting assessment of retention incentives or exit economics .
- Governance signal: As CCO, Donovan’s role is central to compliance oversight. ETW’s filings emphasize the Board’s robust committee structure and active compliance/risk oversight, including periodic review of compliance programs and risk management regimes across the adviser and sub-adviser; this supports operational and governance quality but does not translate into officer pay metrics for trading signals .