“Boards Likely to See Major Disclosure Overhaul,” BoardIQ, November 3, 2020.

The Securities and Exchange Commission recently proposed a substantial overhaul of the current mutual fund and exchange-traded funds disclosure framework in response to feedback from investors who overwhelmingly prefer a concise, layered, and more understandable disclosure. This article discusses how the changes may entail short-term pains for boards, but also hold the potential for long-term benefits.