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Thursday, November 08, 2007

SEC Regulations Burdening Fund Directors

by: Erin Kello

In today's WSJ Fund Track, Eleanor Laise reports on a new study done by PFPC which zeroes in on how new SEC regulations are taxing fund directors. Two-thirds of fund-board directors say their jobs are harder to do today than they were a few years ago, 44 percent say their responsibilities outweigh their compensation. The increased pressure coupled with more concerns over personal liability has caused a substantial number of fund directors to resign, the study found.  

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