Fund Boards Follow Strong Governance Practices to Best Serve Shareholders Study from IDC and ICI Examines Trends in Fund Governance Practices Since 1994 Washington, DC, September 30, 2009 - Mutual fund governance practices continue to evolve to the benefit of funds and their...
"One Year Later: Some Lessons from the Financial Crisis" President’s Address, ICI Capital Markets Conference Paul Schott Stevens President & CEO Investment Company Institute Marriott Marquis Times Square New York, NY September 24, 2009 Good morning. I’m Paul Stevens, President and CEO...
IDC Task Force Report Identifies Key Characteristics for Strong Compliance Programs Practices and Structures Vary; Key Characteristics Serve as Evaluative Tool for Boards Washington, DC, September 10, 2009 - The characteristics of a strong mutual fund compliance program include an...
The Investment Company Institute expressed its generally strong support for the Securities and Exchange Commission’s proposals to tighten the regulation of money market funds, but reiterated its opposition to the concept of requiring funds to adopt a floating net asset value (NAV) in...
ICI Statement on Administration Retirement Savings Measures Washington, DC, September 8, 2009 - Today, Investment Company Institute President and CEO Paul Schott Stevens made the following comment about the measures recently announced by the Obama Administration related to retirement...
September 4, 2009 Message from IDC Chair Mike Scofield The Supreme Court rarely decides a case affecting the mutual fund industry. On November 2, however, the Court will hear oral arguments in Jones v. Harris Associates. The decision in that case will have implications for the mutual...
IDC Files Supreme Court Brief Detailing Unique Role of Independent Directors in Fee Determinations Washington, DC, September 3, 2009 - Today, the Independent Directors Council (IDC) filed a friend-of-the-court brief with the U.S. Supreme Court discussing the important role and...
ICI Files U.S. Supreme Court Brief in Jones v. Harris Urges Court to Endorse Well-Tested Legal Framework for Assessing Excessive Fee Claims Washington, DC, September 3, 2009 - Today, the Investment Company Institute filed a friend-of-the-court brief urging the U.S. Supreme Court to...
IDC Files Supreme Court Brief Detailing Unique Role of Independent Directors in Fee Determinations Washington, DC, September 3, 2009 - Today, the Independent Directors Council (IDC) filed a friend-of-the-court brief with the U.S. Supreme Court discussing the important role and...
Retirement Assets Total $13.4 Trillion in First Quarter Washington, DC, August 10, 2009 - Americans held $13.4 trillion in retirement assets at the end of the first quarter of 2009, accounting for 33 percent of all household financial assets in the United States, the Investment...
