As efforts to revamp U.S. financial regulation move closer to the finish line, a panel of current and former Securities and Exchange Commission officials recently offered their thoughts on what the new regulatory landscape will mean for corporate board directors.

A House-Senate conference committee began work last week to reconcile the differences in the financial reform legislation passed by both chambers. Lawmakers have said they hope to wrap up work on the final bill in this month, so it can be signed into law before the July 4 holiday.