Mutual fund directors, lawyers and academics will meet in Washington tomorrow and Wednesday to examine the state of mutual fund governance and consider possible changes.

The Securities and Exchange Commission is sponsoring the "Roundtable on the Role of Independent Investment Company Directors" to discuss issues such as improving the effectiveness of fund directors and directors' role in scrutinizing mutual fund fees. The sessions will be held from 9 a.m. to 5 p.m. Tuesday and 9 a.m. to 5:30 p.m. Wednesday at SEC headquarters.

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