Kolotioloma Silue
About Kolotioloma Silue
Kolotioloma Silue (Year of Birth: 1977) serves as Vice President of The India Fund, Inc. (IFN); he has been an officer of the Fund since 2024 and is currently a Senior Product Manager at abrdn Inc., having joined abrdn in October 2023 from Tekla Capital Management where he was employed as a Senior Manager of Fund Administration . Officers of the Fund are chosen annually to hold office until the next year and until successors are chosen and qualified . IFN’s proxy discloses that officers do not receive any compensation directly from the Fund (only reimbursement of reasonable out-of-pocket travel expenses), and that as of April 1, 2025, directors and executive officers as a group owned less than 1% of IFN’s outstanding common stock . No fund-level TSR, revenue, or EBITDA performance metrics tied to Mr. Silue are disclosed in IFN materials.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| abrdn Inc. | Senior Product Manager | 2023–present (joined Oct 2023) | Product management for registered investment companies; supports governance and fund operations |
| Tekla Capital Management | Senior Manager of Fund Administration | Not disclosed | Oversight of fund administration processes |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed in IFN 2025 proxy | — | — | IFN proxy lists officer positions and prior employment; no external public company directorships disclosed for Mr. Silue |
Fixed Compensation
Officers of the Fund and Directors who are interested persons do not receive any compensation directly from the Fund; they may be reimbursed for reasonable out-of-pocket travel expenses for attending Board meetings .
| Component | IFN-Linked Treatment |
|---|---|
| Base Salary | Not paid directly by IFN; officer is employed by abrdn Inc. |
| Target Bonus % / Actual Bonus | Not paid directly by IFN; any incentives would be under abrdn Inc. (not disclosed in IFN proxy) |
| Cash Retainers/Fees from IFN | None (officers receive no direct compensation from IFN) |
| Expense Reimbursement | Reasonable out-of-pocket travel expenses reimbursed by IFN |
Performance Compensation
| Incentive Type | IFN-Linked Structure | Metrics / Weighting | Payout / Vesting |
|---|---|---|---|
| RSUs / PSUs in IFN | Not disclosed; officers do not receive compensation directly from IFN | Not disclosed | Not disclosed |
| Stock Options in IFN | Not disclosed; officers do not receive compensation directly from IFN | Not disclosed | Not disclosed |
| Performance Bonus linked to IFN metrics | Not disclosed in IFN proxy | Not disclosed | Not disclosed |
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Individual beneficial ownership (Mr. Silue) | Not individually disclosed in proxy; group disclosure provided |
| Directors & executive officers as a group ownership | Less than 1% of IFN outstanding common stock as of April 1, 2025 |
| 5%+ beneficial owners of IFN | None as of April 1, 2025 |
| Shares pledged as collateral | Not disclosed in IFN proxy |
| Options/RSUs (exercisable vs unexercisable) | Not disclosed in IFN proxy |
| Stock ownership guidelines (officer) | Not disclosed in IFN proxy |
Employment Terms
| Term | Details |
|---|---|
| Officer role | Vice President, The India Fund, Inc. |
| Officer since | 2024 |
| Selection/term | Officers chosen annually; serve until next year and until successors are chosen and qualified |
| Employer | abrdn Inc. (Senior Product Manager) |
| Severance / Change-of-control (Fund-level) | Not disclosed in IFN proxy |
| Non-compete / Non-solicit | Not disclosed in IFN proxy |
| Clawback / Tax gross-ups | Not disclosed in IFN proxy |
Investment Implications
- Pay-for-performance alignment at the fund level is structurally limited for IFN officers: they receive no direct IFN compensation, and group ownership of IFN shares is under 1%, suggesting low insider selling pressure and minimal direct economic linkage to IFN equity .
- Retention risk and incentive design are primarily tied to abrdn Inc.’s employment terms and compensation programs, which are not disclosed in IFN materials; investors should not expect IFN’s proxy to reveal officer bonus metrics, vesting schedules, or severance/change-of-control economics for Mr. Silue .
- Trading signals from insider activity are muted given the absence of disclosed equity grants/options at the Fund level and the low aggregate officer/director ownership; monitoring external filings at the adviser level (abrdn Inc.) would be necessary to evaluate personal incentives, but such data are outside IFN’s disclosures .
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