Robert Pozen, chairman of MFS Investment Management and a long-time player on the financial and regulator scenes, has always been a critic of complexity in financial reporting. Now, as chairman of the Securities and Exchange Commission committee trying to reduce that complexity, his job is nearly done.
In a keynote speech delivered at the Compliance Week 2008 conference last week, Pozen provided an update on the Committee to Improve Financial Reporting’s progress—its final report is due in nine weeks—and outlined approaches he hopes the SEC and other regulators will take in months ahead to implement CIFR’s ideas.
