Among SEC Chair Mary Jo White’s equity market structure agenda is a plan to create an advisory committee. While this can be an important vehicle for the regulator to gather industry input, Chair White faces some challenges in getting the committee off the ground.
Advisory committees have the potential to offer great benefits to any organization. For those of us who have served on these types of committees, we understand that the key to their success is often determined in the early stages of the committee’s design. Properly designed advisory committees will accomplish their goals, whereas poorly designed ones will drain the bandwidth of people’s time, or worse, be counterproductive to the performance of the organization they are supposed to serve.