As the fund scandal continues to spread, many investors and industry leaders are pointing to the directors of the funds themselves as one of the main reasons for these problems, and are coming up with ways to make directors more effective, Dow Jones Newswires reports.

One solution that makes sense is a more democratic method of selecting fund directors. Instead of allowing management or fellow board members to select a director, shareholders themselves should have the opportunity to select candidates – and may soon get that priviledge.

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