Manraj S. Sekhon
About Manraj S. Sekhon
Manraj S. Sekhon (year of birth: 1969) serves as President and Chief Executive Officer – Investment Management of Templeton Dragon Fund, Inc. (TDF) and has held this officer role since 2018. He is also Chief Investment Officer (CIO) of Franklin Templeton Emerging Markets Equity and is listed as an officer across certain Franklin Templeton/Legg Mason funds; officers are appointed by the Board and serve at its pleasure . The Fund’s Board regularly reviews investment performance and risk reports and meets with portfolio managers, but the proxy does not disclose TSR or other performance metrics tied specifically to Mr. Sekhon’s compensation at the Fund level .
Past Roles
| Organization | Role | Years | Strategic impact / notes |
|---|---|---|---|
| Franklin Templeton Emerging Markets Equity | Chief Investment Officer | Not specified (listed as current principal occupation in 2019–2025 filings) | CIO overseeing EM equity; officer of certain funds in the Franklin Templeton/Legg Mason complex |
| Fullerton Fund Management Company Ltd. | Chief Executive and Chief Investment Officer | 2011–2016 | Formerly CEO and CIO at Fullerton prior to joining Franklin Templeton |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not Applicable | None disclosed | — | Executive officers table lists “Not Applicable” for other directorships for Mr. Sekhon |
Fixed Compensation
- Officers (including Mr. Sekhon) are paid by the Investment Manager or its affiliates; the Fund does not compensate officers and no pension/retirement benefits are accrued as Fund expenses .
- Specific base salary, target bonus, and actual bonus for Mr. Sekhon are not disclosed in TDF’s proxy materials .
| Item | 2023–2025 Disclosure |
|---|---|
| Employer paying compensation | Investment Manager or its affiliates; not the Fund |
| Base salary (amount) | Not disclosed by the Fund |
| Target bonus % / actual bonus | Not disclosed by the Fund |
| Perquisites/pension/SERP at Fund | None accrued as Fund expenses |
Performance Compensation
- The Fund does not disclose performance metrics, weighting, targets, vesting, or payouts for Mr. Sekhon’s compensation; his compensation is set and paid by Franklin Templeton (Investment Manager) rather than the Fund .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed by TDF; officer pay determined by Investment Manager | — | — | — | — | — |
Additional terms:
- Stock/option awards, RSUs/PSUs, vesting schedules, clawbacks, tax gross-ups, deferred compensation: Not disclosed by the Fund for Mr. Sekhon .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership of TDF (initial filing) | Form 3 filed 2018-08-01 indicates “No securities are beneficially owned.” |
| Subsequent Form 4 activity | No subsequent Form 4 transactions located in retrieved documents |
| Ownership as % of shares outstanding | Not disclosed |
| Vested vs. unvested equity | Not disclosed |
| Options (exercisable/unexercisable) | Not disclosed |
| Shares pledged as collateral | Not disclosed |
Note: The Independent Director investment/ownership policy is specific to directors and does not apply to executive officers; the Fund states officers are not compensated by the Fund and related details are not reported at the Fund level .
Employment Terms
| Term | Disclosure |
|---|---|
| Current Fund role | President and Chief Executive Officer – Investment Management |
| Start in current Fund role | Since 2018 |
| Employment contract term/expiration | Not disclosed (officers serve at the pleasure of the Board) |
| Severance / change-of-control | Not disclosed by the Fund |
| Non-compete / non-solicit / garden leave | Not disclosed by the Fund |
| Post-termination consulting | Not disclosed by the Fund |
Investment Implications
- Pay-for-performance transparency at the Fund level is limited: TDF does not disclose Mr. Sekhon’s salary/bonus/equity or incentive metrics, as officer compensation is paid by the Investment Manager and not the Fund, limiting direct Fund-level alignment visibility .
- Insider selling pressure appears low based on available filings: his initial Form 3 reported no TDF ownership, and we did not find subsequent Form 4 transactions in the retrieved documents; thus, there is no evidence of pledged shares or scheduled vesting driving selling pressure from Mr. Sekhon in TDF stock based on available records .
- Retention risk is primarily at the adviser level: Mr. Sekhon’s responsibilities as CIO of Franklin Templeton Emerging Markets Equity suggest retention dynamics and incentives reside with Franklin Templeton, not TDF; Fund-level severance/CIC terms are not disclosed .
- Governance oversight of performance exists at the Board level: the Board regularly reviews investment performance and risk, and portfolio managers meet with the Board; however, TSR/EBITDA/revenue goals tied to Mr. Sekhon’s pay are not disclosed in Fund documents .
Data gaps: Specific compensation amounts, incentive plan structures, vesting schedules, and change-of-control economics for Mr. Sekhon are not disclosed by TDF. For deeper insight, investors would need disclosures from Franklin Resources/Investment Manager policies rather than Fund-level proxies .