MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, June 14, 2006 A Cooperative SEC Seeks Governance Comments Far be it from the SEC to sulk over a court ruling. Two months after a Washington appeals court deemed the Commission had not properly sought public comment on a mutual fund governance rule, the body announced it has opened a new 60-day comment period, as ordered. In fact, the Commission beat the court's specified deadline for filing a status report by 23 days, a fact pointed out in Tuesday's announcement. The rule in question requires most funds' boards of directors to have an independent chair as well as 75 percent independent membership. Printed from: MFWire.com/story.asp?s=12009 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |