In the Margins

DC lawyer looks back at director independence rule

September 28, 2017

By The Regulatory Review

In a recent opinion piece, Washington, D.C., lawyer Eugene Scalia recounts his role in challenging a Securities and Exchange Commission rule concerning the extent to which mutual fund directors should be required to be independent of the advisory firm that manages the fund. In it, he examines the role of cost-benefit analysis and reasoned decision-making—or, in this case, the lack thereof. Read the original piece in The Regulatory Review