Heather Hasson
About Heather Hasson
Heather Hasson (Year of Birth: 1982) serves as a Vice President of The India Fund, Inc. (IFN) and is currently Senior Product Solutions and Implementation Manager, Product Governance US at abrdn Inc.; she has been an officer of the Fund since 2018 and joined abrdn in 2006 . Her responsibilities reflect product governance and implementation oversight across registered investment companies within the abrdn complex; the Fund’s proxy statements do not attribute Fund performance metrics (e.g., TSR, revenue, EBITDA) to executive officers, nor do they disclose executive-level performance targets .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| abrdn Inc. | Senior Product Solutions and Implementation Manager, Product Governance US | At least 2023–2025 (current) | Product governance and implementation for U.S. registered investment companies; oversight of product standards and controls |
| abrdn Inc. | Senior Product Manager | Since 2009 (disclosed as current in earlier proxy) | Product management for U.S. funds; operational leadership in product lifecycle and governance |
| abrdn Inc. | Fund Administrator (joined as) | Joined 2006 | Fund administration foundation for later product governance roles |
| The India Fund, Inc. | Vice President (Fund officer) | Officer since 2018 (current) | Fund officer role supporting governance/administration within abrdn framework |
| The India Fund, Inc. | Assistant Secretary (Fund officer) | Since 2018 (disclosed in earlier proxy) | Corporate secretary support functions for the Fund |
External Roles
- None disclosed in IFN proxy statements for Ms. Hasson .
Fixed Compensation
Officers of the Fund do not receive any compensation directly from IFN; they are employees of abrdn Inc. Compensation details (salary/bonus) are not provided by the Fund. Officers may be reimbursed for reasonable out-of-pocket travel expenses for Board meetings .
| Component | IFN disclosure | Notes |
|---|---|---|
| Base salary | Not disclosed (officers not paid by IFN) | Paid by abrdn Inc.; no detail in Fund proxy |
| Target bonus % | Not disclosed (officers not paid by IFN) | — |
| Actual bonus paid | Not disclosed (officers not paid by IFN) | — |
| Perquisites | Not disclosed for officers | — |
| Pension/SERP/Deferred comp | Not disclosed for officers | — |
Performance Compensation
The Fund discloses no officer-level incentive metrics or equity/option awards; officers are compensated by abrdn Inc., not by IFN .
| Incentive type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Cash bonus | Not disclosed at IFN level | — | — | — | — | — |
| RSUs/PSUs | Not disclosed at IFN level | — | — | — | — | — |
| Stock options | Not disclosed at IFN level | — | — | — | — | — |
Equity Ownership & Alignment
| Item | Disclosure | Detail |
|---|---|---|
| Beneficial ownership (officers) | Not individually disclosed for officers | As of Apr 1, 2025, no Director or executive officer, individually, owned ≥1% of IFN shares |
| Section 16 compliance | In compliance | For FY2024, Reporting Persons (incl. officers) timely filed required Section 16(a) reports, per Fund’s review/representations |
| Shares pledged | No pledge disclosures for officers in proxy | Ownership table covers Directors; no pledging noted for officers |
| Ownership guidelines | Not disclosed for officers | No officer ownership policy disclosed in proxy |
Employment Terms
| Term | Disclosure | Notes |
|---|---|---|
| Appointment/term | Executive officers are chosen annually to hold office until the next year and until successors are qualified | Standard 1940 Act registered fund practice |
| Employment agreements | Not disclosed | No employment contract terms provided in proxy |
| Severance | Not disclosed | No severance multiples disclosed for officers |
| Change-of-control | Not disclosed | No single/double-trigger or acceleration terms disclosed for officers |
| Non-compete/Non-solicit | Not disclosed | — |
| Clawback/hedging/pledging policy | Not disclosed for officers | — |
Governance Context (for reference)
- Board committees: Audit and Nominating; no compensation committee disclosed. Audit Committee chaired by Rahn K. Porter; Nominating Committee chaired by Nancy Yao (as of FY2024) .
- Director compensation is disclosed; officers and “interested” Directors receive no compensation from the Fund .
Investment Implications
- Pay-for-performance alignment at IFN cannot be assessed for Ms. Hasson because officers are not compensated by the Fund and no officer-level compensation metrics (cash or equity) are disclosed; this limits any inference about incentive alignment or near-term insider selling pressure tied to Fund-related equity awards .
- Retention risk appears modest based on long tenure at abrdn (since 2006) and sustained officer status at IFN since 2018, indicating institutional continuity in product governance; however, the proxy provides no abrdn-level employment or incentive terms to analyze retention economics .
- Ownership alignment data is limited; the proxy confirms no Director or executive officer, individually, holds ≥1% of shares and indicates timely Section 16 compliance, reducing governance red flags from reporting failures, but providing little signal on officer skin-in-the-game or pledging risk .
- From a trading-signal perspective, absence of disclosed officer equity awards, vesting events, or pledging suggests low direct insider-driven supply overhang from Ms. Hasson; monitoring future Section 16 filings and any 8-K Item 5.02 events remains prudent .