ORLANDO, Fla.-As mutual fund boards assume greater responsibility-and regulators continue to monitor them more closely-the demands on management are likewise increasing, making reporting procedures more complex.

"Preparing for these meetings is almost a continuous process," said Gregory R. Seward, vice president and treasurer for Franklin Templeton Investments of San Mateo, Calif., speaking at the Investment Company Institute's annual Tax & Accounting Conference here last week.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.