Washington (June 23, 2003) -- The national association of the mutual fund industry told legislators it was in favor of clarifying the roles of fund advisers and directors when it came to soft dollar arrangements. But it wants no part of proposed legislation that would force funds to hire independent board chairmen.
The Investment Company Institute supports a thorough review of soft-dollar practices.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access