Next in the SEC's crosshairs: directors of money management companies may have to disclose more information on why they approved a given advisory contract in shareholder reports and proxy statements.

The commission will meet to consider measures to effect these changes on June 9.

The changes up for consideration would affect 14A under the Securities Exchange Act of 1934, Forms N-1A, N-2, and N-3 to the Securities Act of 1933, and the Investment Company Act of 1940.

The meeting will be webcast on the SEC's website. 

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