Partner John O’Brien is quoted in an article in Fund Board Views about the Securities and Exchange Commission’s newly issued FAQs on the amended Names Rule.
“It is noteworthy that the word ‘board’ does not appear anywhere in the FAQ. …The board’s role in this issue is just to make sure that requests coming from management have been thoroughly considered and analyzed … There’s room for management, and therefore boards, to use judgement … This is as comforting as it’s going to get,” said John O’Brien.
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