Rahn Porter
About Rahn Porter
Independent Director of abrdn Global Income Fund, Inc. (FCO); year of birth 1954; appointed to the Boards effective 2024 (Directors table shows June 30, 2024; compensation footnote notes May 16, 2024) with FCO Class II term expiring 2027 . Porter brings executive management and financial expertise from CFO and treasurer roles in public and private entities and service on other fund boards in the abrdn complex .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| RPSS Enterprises | Principal (consulting/advisory) | Since 2019 | — |
| The Colorado Health Foundation | Chief Financial and Administrative Officer | 2013–2021 | Executive leadership in finance/admin |
| CenturyLink Investment Management Company | Independent Director | Reported as “since 2006”; elsewhere “2011–2024” | Board oversight of corporate pension assets |
| Telenet | Chief Financial Officer | Prior role (dates not disclosed) | Executive finance leadership |
| Nupremis | Chief Financial Officer | Prior role (dates not disclosed) | Executive finance leadership |
| Qwest Communications | Treasurer | Prior role (dates not disclosed) | Corporate treasury |
| MediaOne Group | Treasurer | Prior role (dates not disclosed) | Corporate treasury |
| BlackRidge Financial Inc. | Board member; Audit Chair | Prior role (dates not disclosed) | Audit committee leadership |
| Community First Bancshares, Inc. | Board member; Audit Chair | Prior role (dates not disclosed) | Audit committee leadership |
External Roles
| Company | Role | Status |
|---|---|---|
| CenturyLink Investment Management Company | Director | Tenure reported variously as “since 2006” and “2011–2024” |
| BlackRidge Financial Inc. | Director (former) | 2004–2019 |
| Community First Bancshares, Inc. | Director (former) | Dates not disclosed |
No current public company directorships are disclosed beyond fund complex service; prior roles include financial leadership at public telecoms (Qwest, MediaOne) and Telenet .
Board Governance
- Independence: Porter is an Independent Director; FCO’s Board comprises four Independent Directors and one Interested Director, with an Independent Chair (P. Gerald Malone) .
- Committees: Member of Audit Committee and Nominating & Corporate Governance Committee (all-Independent, NYSE MKT “independent”) .
- Attendance: In FY 2024, each incumbent Director attended at least 75% of Board and committee meetings; FCO held five Board meetings, four Audit Committee meetings, and one Nominating & Governance meeting .
- Engagement: Independent Directors meet in executive session at least quarterly and have separate independent legal counsel; formal charters reviewed annually .
- Risk oversight: Boards oversee investment, compliance, operational, and valuation risks via policies, reports from manager/sub-adviser, CCO, auditors, and counsel .
- Retirement policy: Mandatory retirement at age 75; not applicable to Porter (YOB 1954) during current term .
Fixed Compensation
| Metric | FY 2024 FAX | FY 2024 FCO | FY 2024 IAF | Fund Complex Total FY 2024 |
|---|---|---|---|---|
| Aggregate Director Compensation (USD) | $26,190 | $23,362 | $24,222 | $293,387 |
- Notes: Porter was appointed in 2024 (footnote: May 16, 2024), so FY2024 figures reflect partial-year service .
Performance Compensation
- No director equity awards (RSUs/PSUs), options, or performance-based metrics are disclosed; the proxy presents aggregate cash compensation only and does not describe stock-based director compensation or ownership guidelines .
- No meeting fees or chair fees breakdown is disclosed for Porter specifically; only aggregate compensation per fund and complex is presented .
Other Directorships & Interlocks
| Relationship Type | Counterparty | Detail |
|---|---|---|
| Fund Complex Oversight | abrdn fund complex | Oversees 6 registrants consisting of 23 portfolios; appointed to Boards of FAX, FCO, IAF effective 2024 |
| Asset Manager/Pension | CenturyLink Investment Management Company | Independent director tenure reported variously as “since 2006” and “2011–2024” |
| Financial Institutions | BlackRidge Financial Inc.; Community First Bancshares, Inc. | Former board member and audit chair roles |
No related-party transactions with abrdn Investment Manager/Sub-Adviser are disclosed; Independent Directors and immediate family members did not own shares of the Investment Manager or Sub-Adviser or their controlled affiliates (other than registered funds) as of April 1, 2025 .
Expertise & Qualifications
- Executive management and financial expertise from CFO/treasurer roles; board and audit committee experience (funds and financial institutions) .
- Experience overseeing multiple registrants within a fund complex, supporting governance and risk oversight .
Equity Ownership
| Holder | FAX Dollar Range | FCO Dollar Range | IAF Dollar Range | Aggregate Dollar Range (abrdn Family of Investment Companies) |
|---|---|---|---|---|
| Rahn Porter | $10,001–$50,000 | $1–$10,000 | $1–$10,000 | Over $100,000 |
- As of April 1, 2025, Directors and officers, in aggregate, owned less than 1% of each Fund’s outstanding equity securities .
- No disclosure of pledged or hedged shares; no director stock ownership guidelines disclosed for the Funds .
Governance Assessment
- Strengths: Independent status; service on key committees (Audit, Nominating & Governance); executive sessions with independent counsel; formal risk oversight processes; independent Chair; attendance threshold met in FY2024 .
- Alignment: Personal holdings in FAX/FCO/IAF and aggregate >$100k across abrdn family indicate some skin-in-the-game; however, aggregate director/officer ownership remains <1%, typical for closed-end funds .
- Compensation: Cash-only disclosure and partial-year service in FY2024; no equity or performance-based components disclosed—which limits pay-for-performance alignment analysis but avoids option repricing or complex incentive risks .
- Conflicts/Red Flags: No related-party transactions disclosed; Independent Directors and families hold no shares in Investment Manager/Sub-Adviser; no pledging disclosed. Minor disclosure inconsistency on CenturyLink IMC tenure (“since 2006” vs “2011–2024”) and appointment effective dates (May 16 vs June 30, 2024) should be clarified by the issuer but do not indicate governance impairment .
Overall, Porter’s audit and governance committee roles and financial background support board effectiveness; absence of disclosed performance-linked director pay and low aggregate insider ownership are typical for funds and neutral for investor confidence given the independent board structure and oversight mechanisms .