The SEC Requires That a Majority of the Directors of a Mutual

question 102

True/False

The SEC requires that a majority of the directors of a mutual fund board be independent (not employed by the fund).

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Definitions:

Memo-Style Communication

A concise, written form of communication typically used within organizations to inform or instruct employees.

Informal

Relaxed, casual, or not adhering strictly to rules or formalities.

Specific Concern

A particular issue or problem that requires attention or resolution.

Effective Way

A method or approach that achieves desired results or outcomes with efficiency.