The Securities and Exchange Commission's new rule to beef up the independence of mutual fund boards represents an industry defeat.
Beefing up the independence of mutual fund boards had support from the industry. 
( z1 beef-up :ARG1 ( z2 depend :polarity - :ARG0 ( z3 board :mod ( z4 fund :mod ( z5 mutual ) ) ) ) :ARG1-of ( z6 support :ARG0 ( z7 industry ) ) )