Mutual Funds Rule Change-Independent Chairman
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On Wednesday 23 June 2004 the SEC ( US Securities and Exchange Commission) passed a rule by a 3 to 2 vote of its five Commissioners that in future all mutual fund boards will now be chaired by an independent chairman.This will take effect in 18 months time. In addition 75 percent of the mutual fund's directors must also be independent( currently half is the requirement). This graphic shows a Mutual Fund Board with a consciousness bubble depicting two individuals celebrating "independence".This is a metaphor of new rule requirement relating to the chairman.. |
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| Low Resolution(720W x 738H) 10.0 " x 10.3 "
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| Medium Resolution(1500W x 1538H) 10.0 " x 10.3" @ 150 DPI |
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| High Resolution(3000W x 3076H) 10.0 " x 10.3"
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