A June 2012 magazine article states reasons why author believes that:
"Mutual Fund Guardians (Boards of Directors) Are Failing" at their jobs.http://www.smartmoney.com/invest/funds/ ... ab_article
Perhaps the author makes some points.
When he describes the minimal effort and qualification required to be a fund director as well as the excellent compensation they receive, I've got to say, so long as one isn't inclined to try to rock the boat, being a fund director sounds like a pretty good job to have.
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