The chairman of CME Group said the exchange operator plans further cuts to a 30-member board that is twice as large as its closest US rivals.

Chicago-based CME's director ranks were swollen by two big acquisitions in 2007 and 2008, and the board's scale has attracted criticism from investors and shareholder rights' advocates.

Exchange group is assessing the best way to trim down a 30-member board

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CME plans to cut board size

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