Megan Kennedy
About Megan Kennedy
Megan Kennedy serves as Vice President and Secretary of The India Fund, Inc. (NYSE: IFN) and has held this officer role since 2011. She was born in 1974 and is currently Senior Director, Product Governance at abrdn Inc., the Fund’s administrator; Ms. Kennedy joined abrdn in 2005 . Officers of the Fund do not receive compensation directly from IFN (compensation is paid by abrdn and not disclosed in IFN proxies) . Section 16 reporting compliance for officers and directors was timely in 2024 and 2025, with no noted delinquencies .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| abrdn Inc. | Senior Fund Administrator | Since 2005 | Fund administration roles supporting registered investment companies |
| abrdn Inc. | Head of Product Management | Since 2009 | Led product management for the U.S. fund complex (historical disclosure) |
| abrdn Inc. | Senior Director, Product Governance | 2023–2025 (current) | Product governance leadership for closed‑end funds |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| abrdn Asia-Pacific Income Fund, Inc. | Vice President and Secretary | Since 2008 | Officer and proxy signatory for corporate governance matters |
| abrdn Global Income Fund, Inc. | Vice President and Secretary | Since 2008 | Officer and proxy signatory for corporate governance matters |
| abrdn Australia Equity Fund, Inc. | Vice President and Secretary | Since 2008 | Officer and proxy signatory for corporate governance matters |
| abrdn Emerging Markets ex‑China Fund, Inc. | Vice President and Secretary | Since 2009 | Officer and proxy signatory for corporate governance matters |
Fixed Compensation
- Officers of IFN (including the Vice President and Secretary) do not receive compensation directly from the Fund; therefore base salary, target bonus, and actual bonus figures for IFN are not disclosed. Compensation is paid by abrdn Inc. and not itemized in IFN’s proxy statements .
Performance Compensation
- IFN does not disclose performance-based compensation (RSUs/PSUs/options, metrics, weightings, vesting) for Fund officers; no IFN-linked equity awards or incentive plans are presented for officers in the Fund’s proxies .
Equity Ownership & Alignment
- Individual officer holdings are not itemized in IFN’s proxies. As of April 1, 2025, no director or executive officer individually, nor the group collectively, represented more than 1% of IFN’s outstanding shares .
Employment Terms
- Employment agreements, severance, change‑of‑control provisions, non‑compete/non‑solicit, garden leave, and consulting arrangements for Fund officers are not disclosed by IFN. Officers serve at the pleasure of the Board and are chosen annually . Section 16 filings were timely, with no noted delinquencies in 2024 and 2025 .
Investment Implications
- Pay-for-performance alignment to IFN’s TSR appears structurally limited because Fund officers do not receive compensation from IFN and no IFN-linked equity awards are disclosed; compensation is paid by abrdn Inc., suggesting incentives are primarily tied to corporate roles rather than IFN-specific performance .
- Insider selling pressure and vesting overhang are not in evidence: there are no disclosed IFN option/RSU grants for Fund officers; third-party tracking indicates no insider transactions by Megan Kennedy in IFN over the past 18 months (indicative only; rely on EDGAR for definitive filings) .
- Retention risk appears low given tenure: Kennedy has served as IFN officer since 2011 and has progressed within abrdn’s product governance organization, a sign of institutional continuity across the abrdn closed‑end fund complex .
- Governance/controls: Timely Section 16 reporting and recurring officer designations across multiple abrdn funds support process reliability; no legal proceedings or red flags are disclosed in IFN proxies related to officers .