Jill Kerschen
About Jill Kerschen
Treasurer and Principal Financial Officer of Clough Global Dividend & Income Fund (GLV) since April 17, 2023; born 1975; employed by Paralel Technologies LLC, where she serves as Director, Client Engagement (2025 proxy) and previously Director of Fund Administration (2024 proxy) . Officers employed by Paralel receive no compensation from GLV and, per the 8‑K appointment disclosure, no officer employed by Paralel owns any GLV shares . She signs SOX 302/906 certifications on GLV’s N‑CSR filings, indicating responsibility for disclosure controls and internal control over financial reporting; the fund reported controls effective as of filing . Fund performance metrics (e.g., TSR, revenue/EBITDA growth) for officer evaluation are not disclosed in Fund documents.
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Paralel Technologies LLC | Director, Client Engagement | 2021–present | Paralel provides GLV’s executive officers and administers fund accounting, tax, administration, compliance, and secondary market support under its agreement with GLV . |
| ALPS Advisors, Inc. | Vice President | 2019–2021 | Senior role at ALPS Advisors prior to transition of administration from ALPS to Paralel . |
| ALPS Fund Services, Inc. | Vice President & Fund Controller | 2013–2019 | Fund control and administration experience supporting investment company operations . |
External Roles
| Role type | Detail |
|---|---|
| Public company boards / committee roles | None disclosed in GLV proxies or the April 2023 8‑K officer appointment . |
Fixed Compensation
Officers employed by Paralel receive no compensation or expense reimbursement from GLV; the Fund confirms officers employed by Paralel receive no compensation from the Fund.
| Component | Fund‑paid amount | Source/Notes |
|---|---|---|
| Base salary | $0 | “Officers of the Fund who are employed by Paralel receive no compensation from the Fund.” |
| Target/actual bonus | $0 | Same as above . |
| Perquisites | $0 | Trustees/officers employed by Paralel or Clough receive no compensation or expense reimbursement from the Funds . |
Performance Compensation
No Fund‑paid performance incentives, stock/option awards, or cash performance bonuses are disclosed for officers; officers employed by Paralel receive no compensation from GLV .
Equity Ownership & Alignment
| Metric | GLV | GLQ | GLO |
|---|---|---|---|
| Shares owned (#) | 0 | 0 | 0 |
| Ownership (% of outstanding) | 0% | 0% | 0% |
| Notes on ownership | No officer employed by Paralel owns any shares of the Fund . | No officer employed by Paralel owns any shares of the Fund . | No officer employed by Paralel owns any shares of the Fund . |
| Options outstanding | None; Form 3 filings report no securities beneficially owned . | None; Form 3 filings report no securities beneficially owned . | None; Form 3 filings report no securities beneficially owned . |
| Shares pledged as collateral | Not applicable (no shares owned) . | Not applicable (no shares owned) . | Not applicable (no shares owned) . |
Employment Terms
| Item | Detail |
|---|---|
| Appointment to GLV officer role | Appointed Treasurer and Principal Financial Officer effective April 17, 2023 . |
| Employment arrangement | Officers are provided by Paralel under the Administration and Fund Accounting Agreement; officers employed by Paralel receive no GLV compensation . |
| Agreement initial term | 3 years from April 17, 2023 . |
| Renewal | Automatic successive annual renewals unless non‑renewal notice is given at least 90 days before term end . |
| Termination | Non‑renewal at term end (90‑day notice); termination for cause under specified conditions (breach, insolvency, certain actions causing reputational harm, etc.) . |
| Insurance/indemnity | Trust to maintain D&O/E&O coverage for officer positions, with efforts to continue coverage post‑service (no less than six years); officers subject to Trust indemnification provisions . |
| Non‑compete / non‑solicit / severance | Not disclosed in Fund filings. |
Performance & Track Record
- SOX Certifications: Signed Section 302 and 906 certifications for the N‑CSR report for period ended April 30, 2025, as Treasurer/Principal Financial Officer .
- Controls & Procedures: PEO/PFO concluded disclosure controls and procedures were effective; no material changes in internal control over financial reporting during the period .
- Administrative Transition: Officer appointments coincided with GLV’s transition from ALPS to Paralel as administrator (effective April 17, 2023), with Paralel providing fund accounting, tax, compliance, and market support services .
Compensation Committee Analysis
- The Funds do not have a compensation committee; trustees’ compensation is disclosed, but officers employed by Paralel or Clough receive no compensation from the Funds .
Risk Indicators & Red Flags
- Hedging/pledging: No GLV share ownership; thus no pledging disclosed for Ms. Kerschen .
- Recovery of Erroneously Awarded Compensation (clawback): Not applicable per N‑CSR Item 18 .
- Fidelity Bond: GLV maintains a financial institution bond; coverage is a joint policy across Clough funds, limit of liability $1,000,000 for the joint policy period July 27, 2025–July 27, 2026 .
Investment Implications
- Pay‑for‑performance alignment: With no Fund‑paid compensation and no reported GLV share ownership, direct pay‑for‑performance alignment and insider trading signal value from Ms. Kerschen is limited; her incentives are primarily via Paralel’s employment rather than Fund equity .
- Retention risk: Continuity of her role is tied to the Paralel administration agreement’s term/renewal and termination provisions rather than a personal GLV employment contract; the agreement’s 3‑year initial term with annual renewals and defined termination rights supports operational continuity but creates dependency on the administrator relationship .
- Execution reliability: Regular SOX certifications and effective control conclusions mitigate operational risk in financial reporting; D&O/E&O coverage and indemnities further support officer stability .