Megan Kennedy
About Megan Kennedy
Megan Kennedy serves as Vice President and Secretary of abrdn World Healthcare Fund (THW) and the affiliated healthcare funds; she is also Senior Director, Product Governance at abrdn Inc. and has been with abrdn since 2005. She was born in 1974 and has served as an officer of the Funds since 2023; the proxy indicates officers are appointed annually by the Board. The proxy does not disclose executive-specific performance metrics (TSR, revenue, EBITDA) or fund-level bonus/equity plans for officers; officers are compensated by abrdn Inc., not by the Funds.
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| abrdn Inc. | Senior Director, Product Governance | 2005–present (Officer of Funds since 2023) | Product governance leadership for registered investment companies |
Fixed Compensation
| Component | THW fund disclosure | Notes |
|---|---|---|
| Base salary | Not disclosed by THW; officers are employees of abrdn Inc. | Compensation paid by abrdn Inc. (administrator/adviser), not by THW |
| Target bonus % | Not disclosed at fund level | Fund states no bonus/profit sharing plans |
| Actual bonus paid | Not disclosed at fund level | Fund states no bonus/profit sharing plans |
| Pension/SERP | None at the Fund; officers receive no Fund pension or retirement plans | If any, would be at abrdn level; not disclosed in THW proxy |
| Perquisites | Not disclosed at fund level | Officers are abrdn employees; fund does not report perquisites |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Fund-level incentive metrics for officers | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Notes | Officers are compensated by abrdn Inc.; the Funds disclose no officer bonus/profit sharing/equity plans at the fund level |
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Role-related ownership | Individual officer holdings for Megan Kennedy are not disclosed in the proxy |
| Aggregate officer/trustee ownership | Trustees and officers, in the aggregate, owned less than 1% of THW’s outstanding equity as of April 1, 2025 |
| Shares outstanding (context) | THW had 39,849,957.6 shares outstanding as of the record date (April 7, 2025) |
| Vested vs. unvested shares | Not disclosed at the fund level |
| Options/RSUs (fund-level) | Not disclosed; officers receive no compensation from the Fund |
| Pledging/hedging | Not disclosed |
| Ownership guidelines | Not disclosed at fund level |
Employment Terms
| Term | Disclosure |
|---|---|
| Employment start in current role | Officer of the Funds since 2023 (Vice President) |
| Secretary responsibilities | Serves as Secretary; proxy revocation notices directed to her as Secretary |
| Appointment/term | Officers hold positions until a successor is elected and qualified; appointed annually at a Board meeting |
| Contract term length | Not disclosed |
| Severance provisions | Not disclosed at fund level |
| Change-of-control | Not disclosed at fund level |
| Clawbacks/gross-ups | Not disclosed at fund level |
| Non-compete / non-solicit | Not disclosed |
| Post-termination consulting | Not disclosed |
Investment Implications
- Pay-for-performance alignment at the fund level is limited: officers receive no compensation from THW and the proxy discloses no fund-level bonus/equity programs for officers, implying incentives are set at abrdn Inc. rather than tied directly to THW performance. This reduces visibility into performance-linked pay for Megan Kennedy in THW filings.
- Ownership alignment appears modest at the fund level: aggregate trustees and officers own less than 1% of THW shares; individual officer ownership, including for Megan Kennedy, is not disclosed, limiting “skin-in-the-game” insight and reducing predictable vest-related selling signals from fund awards.
- Retention risk likely hinges on abrdn employment terms (not disclosed in THW filings) given annual officer appointments and abrdn-based compensation; fund-level severance/CoC economics are not provided.