CGM Funds of Boston, managed by Capital Growth Management and its two well-known senior executives and company co-founders Ken Heebner and Bob Kemp, are trying to make certain that all fund board trustees are created equal--no matter what additional board roles they accept.

Late last month, the $2.2 billion four-fund group floated a proxy statement asking fund investors for their approval on a series of proposals. Among them is amending each fund's declaration of trust to include new language clarifying that each trustee has the same duties and responsibilities to the funds and their shareholders regardless of whether some of the trustees agree to serve in additional roles on the board's committees, or are found to "have particular skills, experience or expertise," according to the proxy.

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