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Do mutual funds need independent directors?

A WSJ op-ed says no, no more than other products or services need this extra layer of governance to protect customers and clients. I'm also skeptical. Moreover, even if these directors make sense in this context, why should this be a federal matter? I've got more here.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.