May 7, 2004
I am a retired and own mutual funds for my pension. I support SEC requirement for MORE disclosure of negotiated contract management fees especially when board of directors and or officers of mutual funds are also connected to the contracted management firm. I believe mutual fund officers and directors should be held to a higher degree of ethical conduct and should even avoid the appearance of a conflict of interest. I am surprised that such a basic concept is now being discussed as if it was a brand new idear or is it that so many scandals have now arisen that the people in charge are embarassed?