[18261]
January 24, 2005
TO: SEC RULES COMMITTEE No. 7-05
RE: SEC RULES COMMITTEE SURVEY RESULTS
We recently asked SEC Rules Committee members to complete a survey to provide
feedback on various aspects of the Committee’s meetings.∗ Overall, the survey results were
positive, reflecting a high level of satisfaction with items such as the topics included on meeting
agendas, the length of the meetings, and the number of meetings per year. The survey results
are summarized more fully in the attached chart. Members also provided helpful suggestions
for improvements.
Based on the survey and related member suggestions, we plan the following:
• We will continue to offer Committee members the ability to participate in the meetings
by videoconference from a designated site on the West Coast. In addition, in response
to member requests, we will offer participation by video or telephone conference from a
designated site in a Midwestern city (e.g., Chicago), starting with the February 15, 2005
meeting.
• Starting in February 2005, Committee meetings will begin one hour earlier, at 12:00 p.m.
Eastern time (9:00 a.m. Pacific time and 11:00 a.m. Central time). This change is a
compromise that we hope will satisfy the preference of many East Coast members for
an earlier start time without imposing an undue hardship on members located
elsewhere. (West Coast members in attendance at the October 28th committee meeting
indicated that a 9:00 a.m. start time would be workable for them.)
• Starting last month and each December going forward, we will disseminate the dates
and times of Committee meetings for the upcoming year.
• From time to time, we will invite an outside speaker, such as a senior SEC staff member,
to address the Committee.
∗ See Memorandum to SEC Rules Committee No. 83-04 [18147], dated November 1, 2004.
2
• We will continue to refine the format and content of meeting agendas, including by
prioritizing agenda items and seeking to describe concisely the pertinent issues.
• We will not rehash information that is widely available (e.g., by summarizing SEC
releases) at the meetings.
* * *
We value your input and will continue to consider your suggestions for improving SEC
Rules Committee meetings going forward.
Frances M. Stadler
Deputy Senior Counsel
Attachment (in .pdf format)