Jeffrey White
About Jeffrey White
Jeffrey W. White (born 1971) serves as Chief Financial Officer, Chief Accounting Officer, and Treasurer of Templeton Emerging Markets Income Fund (TEI) and is an officer of certain Franklin Templeton funds; he has held the TEI roles since 2024 after serving as Director and Assistant Treasurer within Franklin Templeton Global Fund Tax and Fund Administration and Financial Reporting from 2017–2023 . Officers at TEI are paid by Franklin Advisers, Inc. (the Investment Manager) or its affiliates rather than the Fund, and TEI does not disclose officer compensation metrics or pay-for-performance structures; trustees and officers as a group owned less than 1% of TEI shares as of March 10, 2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Franklin Templeton Global Fund Tax and Fund Administration and Financial Reporting | Director and Assistant Treasurer | 2017–2023 | Fund tax and financial reporting/administration responsibilities within Franklin Templeton |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Franklin Templeton fund complex (select funds) | Officer (CFO, Chief Accounting Officer & Treasurer) | Since 2024 | Finance, accounting and treasury officer across certain Franklin Templeton funds |
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| Base Salary | Not disclosed by TEI | Salaries and expenses of officers are paid by the Investment Manager or its affiliates, not the Fund |
| Target Bonus % | Not disclosed by TEI | No officer bonus detail disclosed in TEI proxy |
| Actual Bonus Paid | Not disclosed by TEI | No officer bonus detail disclosed in TEI proxy |
| Pension/SERP | None accrued as Fund expense | “No pension or retirement benefits are accrued as part of Fund expenses” |
| Perquisites | Not disclosed by TEI | Officer perquisites not disclosed; officers compensated by Investment Manager |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
TEI’s proxy does not disclose officer incentive metrics, payout formulas, or vesting schedules; officers are paid by the Investment Manager, not the Fund .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership (Jeffrey White) | Not individually disclosed in TEI proxy |
| Trustees and officers—group ownership | Less than 1% of outstanding shares as of March 10, 2025 |
| Shares pledged/hedged | Not disclosed |
| Stock ownership guidelines | Trustee guideline exists (invest one-third of fees into Templeton funds until holdings ≥3× retainer and meeting fees); officer guidelines not disclosed |
| Compliance with guidelines | Trustees compliant with policy (trustee requirement); officer compliance not applicable/disclosed |
Employment Terms
| Term | Detail |
|---|---|
| Employment start date at TEI | 2024 (CFO, Chief Accounting Officer & Treasurer) |
| Years in current role | Since 2024 |
| Appointment/term | Officers appointed by Trustees; serve at the pleasure of the Board |
| Contract term length/expiration | Not disclosed |
| Severance/change-of-control | Not disclosed |
| Non-compete/non-solicit | Not disclosed |
| Clawback provisions | Not disclosed |
| Deferred compensation | Not disclosed |
Investment Implications
- Compensation alignment and disclosure: TEI does not disclose officer pay elements, incentives, or vesting; officer compensation is paid by Franklin Advisers, Inc., reducing direct transparency into pay-for-performance linkage to TEI’s NAV/TSR and limiting analysis of incentive levers or insider selling pressure at the Fund level .
- Ownership alignment: With trustees and officers collectively holding less than 1% of outstanding shares, insider “skin-in-the-game” appears limited at the fund level; individual officer holdings and any pledging/hedging are not disclosed, constraining assessment of alignment or potential trading signals .
- Retention/contract risk: Officers serve at the pleasure of the Board with no disclosed employment contracts, severance, or change-of-control terms at the Fund level; retention risk or golden-parachute economics cannot be evaluated from TEI disclosures .
- Governance context: Jeffrey White operates within Franklin Templeton’s centralized fund administration and finance structure, acting as an officer across certain funds, which can support operational continuity but shifts compensation oversight away from TEI’s shareholders to the Investment Manager’s governance processes .
Note: TEI is a closed-end fund; its proxies emphasize trustee governance and auditor oversight, while officer compensation is borne by the Investment Manager and not itemized in Fund filings, limiting pay-for-performance analytics at the executive level. All conclusions above are based solely on TEI’s DEF 14A disclosures.