Alan Goodson
About Alan Goodson
Alan Goodson (year of birth: 1974) serves as President of abrdn Global Income Fund, Inc. (FCO), as well as affiliated closed-end funds, since 2024. He is Executive Director, Product & Client Solutions—Americas at abrdn Inc., overseeing product management and governance, product development, and client solutions for registered and unregistered investment companies across the U.S., Brazil, and Canada; he joined abrdn in 2000. As of April 1, 2025, the proxy states Mr. Goodson did not own shares of FCO common stock. The proxy does not disclose fund officer compensation, severance, or performance pay linkages; officers are paid by abrdn, not by the Fund.
Past Roles
| Organization | Role/Title | Years | Strategic Impact |
|---|---|---|---|
| abrdn Global Income Fund, Inc. (FCO); abrdn Asia-Pacific Income Fund, Inc. (FAX); abrdn Australia Equity Fund, Inc. (IAF) | President | Since 2024 | Presides as fund officer; coordinates with Boards and abrdn management on fund administration and governance activities. |
| FAX, FCO, IAF | Vice President (Fund Officer) | Since 2009 (as of 2015 proxy) | Senior fund officer role; product/governance interface between the funds and abrdn. |
| abrdn (U.S.) | Head of Product – U.S. | As of 2015 | Led U.S. product management, development, and investor services for abrdn’s registered/unregistered investment companies. |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| abrdn Inc. | Executive Director, Product & Client Solutions—Americas | Current (joined abrdn in 2000) | Oversees product management/governance, product development, and client solutions across U.S., Brazil, Canada for registered and unregistered vehicles. |
| abrdn Inc. | Director and Vice President | Current | Corporate officer roles at abrdn Inc. alongside fund-officer responsibilities. |
Fixed Compensation
- Officers (including the President) do not receive any compensation directly from FCO or the Fund Complex in their capacity as officers; compensation is paid by abrdn and not disclosed in the Fund’s proxy.
| Component | 2024 | 2025 | Notes |
|---|---|---|---|
| Base Salary | Not disclosed | Not disclosed | Fund officers are paid by abrdn, not by the Fund. |
| Target Annual Bonus % | Not disclosed | Not disclosed | Not disclosed at the Fund level. |
| Actual Bonus Paid | Not disclosed | Not disclosed | Not disclosed at the Fund level. |
Performance Compensation
- No fund-level disclosure of RSUs/PSUs, options, performance metrics, weightings, or vesting for fund officers; any incentives would be within abrdn’s compensation programs and are not reported in the proxy.
| Incentive Type | Metric(s) | Weighting | Target | Actual/Payout | Vesting/Terms |
|---|---|---|---|---|---|
| RSUs/PSUs (abrdn) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed in Fund filings. |
| Stock Options (abrdn) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed in Fund filings. |
| Annual Cash Bonus (abrdn) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed in Fund filings. |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total Beneficial Ownership (FCO) | None (as of April 1, 2025, Mr. Goodson did not own shares of the Funds’ common stock). |
| Ownership % of Outstanding | 0.00% of 13,454,259 FCO common shares outstanding as of the April 7, 2025 record date. |
| Vested vs. Unvested Shares | Not applicable/not disclosed for fund officers. |
| Options (Exercisable/Unexercisable) | Not applicable/not disclosed for fund officers. |
| Shares Pledged | Not disclosed. |
| Stock Ownership Guidelines | Not disclosed for fund officers. |
| Compliance Status | Not disclosed for fund officers. |
Employment Terms
- Employment Contract/Severance: Not disclosed in FCO’s proxy; officers are employees of abrdn, and fund documents do not outline officer employment agreements, severance multiples, change-of-control triggers, or clawbacks.
- Change-of-Control: No fund-level officer change-of-control provisions disclosed.
- Non-Compete/Non-Solicit/Garden Leave/Consulting: Not disclosed.
Governance Context (Board Structure around the Officer)
- The Boards consist of a super-majority of Independent Directors; standing committees are Audit and Nominating & Corporate Governance, each composed entirely of Independent Directors.
- Boards meet regularly (five meetings in fiscal 2024; Audit Committees met four times), and Independent Directors meet in executive session at least quarterly.
- Risk oversight is conducted by the Boards via policies, procedures, and regular reporting from the Investment Manager, Sub-Adviser, and other service providers.
What’s Not Disclosed (and likely resides at abrdn, not the Fund)
- Base salary, bonus targets/outcomes, equity grant details (RSUs/PSUs/options), performance metrics and weightings, vesting schedules, clawbacks, severance/change-of-control terms, ownership guidelines, and any hedging/pledging policies for Mr. Goodson are not disclosed in the Fund’s proxy (officers are compensated by abrdn, not by the Fund).
Investment Implications
- Alignment: Mr. Goodson had no FCO common stock ownership as of April 1, 2025, and officers are not compensated by the Fund—limiting direct fund-level pay-for-performance alignment visibility for investors analyzing CEF governance.
- Retention/Overhang: Absent fund-level disclosures on equity incentives, vesting calendars, or severance economics, there is no evidence of near-term insider selling pressure or retention-related vesting cliffs tied to FCO; any such dynamics would be governed by abrdn’s internal plans, which are not disclosed here.
- Governance and Oversight: The Board’s independent committee structure and quarterly executive sessions provide a governance framework around the officer’s activities; however, investors lack transparency into officer incentive design and performance metrics at the Fund level.
Key gaps for investors: To fully assess pay-for-performance and retention risk, investors would need abrdn-level disclosure of Mr. Goodson’s compensation metrics, equity grants, vesting schedules, and employment terms—none of which are provided in FCO’s proxy because officers are compensated by abrdn, not by the Fund.