* See Memorandum to Director Services Committee No. 5-99 and Primary Contacts - Member Complex No. 9-99, dated
February 5, 1999.
[10737]
February 18, 1999
TO: DIRECTOR SERVICES COMMITTEE No. 8-99
PRIMARY CONTACTS - MEMBER COMPLEX No. 17-99
RE: AGENDA FOR SEC ROUNDTABLE ON THE ROLE OF INDEPENDENT
DIRECTORS
______________________________________________________________________________
The Securities and Exchange Commission has released a detailed agenda for the Roundtable on
the Role of Independent Investment Company Directors to be held on February 23 and 24 in
Washington, D.C.* On Tuesday, February 23, there will be four panel discussions: Negotiating Fees and
Expenses; Fund Distribution Arrangements; Fund Portfolio Brokerage; and Valuation of Fund Portfolio
Securities and Portfolio Liquidity. On Wednesday, February 24, there will be five panel discussions:
Fund Disclosure and Communications; Role of Directors in Acquisitions of Investment Advisers and
Reorganizations of Funds; Issues for Independent Directors of Closed-End Funds, Variable Insurance
Products and Bank-Related Funds; Enhancing Effectiveness of Independent Directors (Part I); and
Enhancing Effectiveness of Independent Directors (Part II).
The Roundtable will be open to the public, but seating is limited.
A copy of the agenda is attached.
Marguerite C. Bateman
Associate Counsel
Attachment