Valerie A. Mosley
About Valerie A. Mosley
Valerie A. Mosley (born 1960) is an independent (“noninterested”) Trustee of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW), serving since 2014 and currently a Class III Trustee with a term expiring in 2026. She is Chairwoman and CEO of Valmo Ventures and founder of Upward Wealth, Inc. (BrightUp), and previously was a Partner, Senior Vice President, Portfolio Manager and Investment Strategist at Wellington Management (1992–2012), CIO at PG Corbin Asset Management (1990–1992), and worked in institutional corporate bond sales at Kidder Peabody (1986–1990) . She is Chairperson of the Governance Committee and is classified as a noninterested Trustee under the Investment Company Act and independent under NYSE listing standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Wellington Management Company, LLP | Partner; SVP; Portfolio Manager; Investment Strategist | 1992–2012 | Senior investment leader across public markets |
| PG Corbin Asset Management | Chief Investment Officer | 1990–1992 | Led investment strategy |
| Kidder Peabody | Institutional Corporate Bond Sales | 1986–1990 | Fixed income market coverage |
External Roles
| Organization | Role | Since/Tenure | Notes |
|---|---|---|---|
| DraftKings, Inc. | Director | Since Sep 2020 | Digital sports entertainment |
| Envestnet, Inc. | Director | Since 2018 | Wealth management technology |
| Dynex Capital, Inc. | Director | 2013–2020 | Mortgage REIT |
| Groupon, Inc. | Director | 2020–2022 | E-commerce platform |
| Caribou Financial, Inc. | Board member | Not disclosed | Auto loan refinancing |
| Progress Investment Management Company | Director | Until 2020 | Manager of emerging managers |
| Various non-profits and endowments | Board/Trustee | Not disclosed | Major non-profit governance roles |
Board Governance
| Attribute | Detail |
|---|---|
| Board composition | Ten noninterested Trustees; Independent Chairperson of the Board: George J. Gorman |
| Committee roles | Mosley is Chairperson of the Governance Committee; all Trustees serve on Governance Committee; members are independent under NYSE standards |
| Meetings FY2024 | Board met 8x; Audit 10x; Contract Review 5x; Governance 5x; Portfolio Management 7x; Compliance 8x; Closed-End predecessor committee 10x |
| Attendance | Each Trustee attended at least 75% of Board/Committee meetings on which they serve; none of the Trustees attended the Funds’ 2024 Annual Meeting of Shareholders |
| Independence | Noninterested Trustee under the 1940 Act; Governance Committee members independent per NYSE |
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual retainer (noninterested Trustees) | $325,000 | Pro rata billed to Funds by average net assets |
| Chairperson of noninterested Trustees | +$150,000 | Not applicable to Mosley (she chairs Governance Committee) |
| Committee service retainer | +$82,500 | All Trustees serve on Governance Committee |
| Service on ≥4 committees | +$15,000 | If applicable |
| Committee Chairperson | +$35,000 | Governance Committee chair premium (split if co-chairs) |
| Expense reimbursement | Actuals reimbursed | $96,845 aggregate in 2024 for Board meetings |
| ETW and Complex Compensation | Amount |
|---|---|
| ETW compensation (FY2024) | $6,291 |
| ETW deferred compensation included | $444 |
| Total compensation from Fund complex (CY2024) | $430,000 |
Performance Compensation
| Element | Disclosure |
|---|---|
| Stock awards (RSUs/PSUs) | None disclosed for Trustees |
| Options | None disclosed for Trustees |
| Performance metrics (revenue, EBITDA, TSR, ESG) | None disclosed for Trustees; compensation is fixed retainers and committee fees |
| Deferred compensation | Trustees may elect to defer fees into Eaton Vance funds via Deferred Compensation Plan; payouts track selected fund performance |
| Pension/SERP | No Fund has a pension or retirement plan for its Trustees |
| Clawbacks/COC/Severance | Not disclosed for Trustees |
Other Directorships & Interlocks
| Company | Role | Committee Roles (if disclosed) | Potential Interlocks |
|---|---|---|---|
| DraftKings, Inc. | Director | Not disclosed | None disclosed |
| Envestnet, Inc. | Director | Not disclosed | None disclosed |
| Dynex Capital, Inc. | Former Director | Not disclosed | None disclosed |
| Groupon, Inc. | Former Director | Not disclosed | None disclosed |
| Caribou Financial, Inc. | Board member | Not disclosed | None disclosed |
| Progress Investment Management Company | Former Director | Not disclosed | None disclosed |
Expertise & Qualifications
- Governance leadership as Chairperson of the Governance Committee; experience selecting/nominating independent Trustees and overseeing Board compensation and structure .
- Deep investment management background (Wellington partner and portfolio manager; prior CIO roles), bringing capital markets and risk oversight expertise .
- Current fintech and wealth-tech board roles (BrightUp founder; Envestnet director; DraftKings director) enhance technology and consumer finance perspectives .
Equity Ownership
| Measure | Value |
|---|---|
| ETW equity securities beneficially owned (as of Jan 28, 2025) | None; no Trustee beneficially owned ETW equity securities |
| Aggregate dollar range of equity securities beneficially owned across Eaton Vance family of funds | Over $100,000 (Mosley) |
| Deferred plan holdings | May be deemed beneficial under Deferred Compensation Plan elections |
Governance Assessment
- Strengths: Independent status under the 1940 Act and NYSE standards; Chairs Governance Committee, suggesting active engagement in Board composition, evaluations, and trustee compensation practices; robust investment and fiduciary background suited to fund oversight .
- Compensation alignment: Trustee pay is fixed and committee-based, with ability to defer into Eaton Vance funds, modest ETW-specific fee ($6,291) and transparent complex-level totals ($430,000); no performance-linked equity or options, consistent with closed-end fund governance norms .
- Attendance: Each Trustee met the 75% threshold for meetings; however, none attended the 2024 Annual Meeting of Shareholders—an optics consideration for shareholder engagement, though not a violation of policy .
- Conflicts/related-party exposure: No related-party transactions or pledging disclosed; external directorships do not present disclosed interlocks or conflicts with ETW’s service providers; Mosley’s independence reaffirmed .
RED FLAGS: Non-attendance at the 2024 Annual Meeting of Shareholders by all Trustees could be viewed negatively by some investors focused on direct shareholder engagement . No other governance red flags (e.g., related-party transactions, hedging/pledging, option repricing) are disclosed .