
Robert C. Pozen has been chairman emeritus of MFS Investment Management since July 2010, and continues to serve as a director of the MFS funds. He joined the company in 2004 as chairman.
Pozen is currently a senior lecturer at Harvard Business School and a senior fellow at the Brookings Institution. He recently served as chairman of an SEC Advisory Committee focused on improving the U.S. financial reporting system, and was a member of two private sector commissions studying global market competitiveness.
Prior to joining MFS in 2004, Pozen served as Secretary of Economic Affairs for Massachusetts Governor Mitt Romney. During 2001 and 2002, he had the distinction of serving on President Bush’s Commission to Strengthen Social Security, and he developed a Social Security solvency proposal that was later embraced by the president.
From 1987 to 2001, Pozen held numerous senior positions at Fidelity Investments, ending as Vice Chairman and President of Fidelity Management & Research Company. Before joining Fidelity, Pozen served as Associate General Counsel for the SEC.
Pozen graduated summa cum laude from Harvard College and earned a law degree from Yale Law School. He has authored many articles and books, including the definitive textbook on the mutual fund industry, and a popular book on how to fix the U.S. financial system.
Audit committees must be more aware of possible accounting fraud, such as Repo 105, used by Lehman Brothers to reduce the amount of debt on its balance sheet.
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Smaller boards consisting of directors who have more relevant industry experience will be the most useful to a company, writes Robert C. Pozen.
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