[14990]
August 2, 2002
TO: BOARD OF GOVERNORS No. 30-02
RE: RESOLUTION OF APPRECIATION FOR OUTGOING CHAIRMAN, TERRY K. GLENN
Terry Glenn will be stepping down as Institute Chair at the October 4, 2002 meeting of
the Board of Governors after two years of outstanding service to the industry and the Institute.
I am asking for the consent of the Board to present the attached resolution of
appreciation to Terry at the October 4th meeting. If you agree, please sign the consent form and
return it by fax as soon as possible to Melissa Johnson at the Institute (fax number: 202/326-
5806.)
Thank you for your cooperation in this matter.
Matthew P. Fink
President
RESOLUTION OF THE BOARD OF GOVERNORS
WHEREAS, TERRY K. GLENN has rendered outstanding service to the investment company
industry and its ninety-four million shareholders during his tenure as Chairman of the
Investment Company Institute, October 2000 to September 2002 – a period of significant
challenge and intense public interest in the industry and financial markets generally; and
WHEREAS, during his term as Chairman, TERRY K. GLENN skillfully guided the Institute and
the industry through the challenges of market disruptions brought about by the tragic events of
September 11th, corporate accounting scandals and volatile financial markets, while leading the
industry’s efforts to expand investors’ retirement savings opportunities, reduce the impact of
capital gains taxation on investors and generally to promote the interests of investment
companies and their shareholders;
NOW THEREFORE BE IT –
RESOLVED, that the Board of Governors of the Investment Company Institute extends its
most sincere gratitude to its Chairman, TERRY K. GLENN, for his steadfast leadership, wise
counsel and in-depth knowledge in guiding the Institute’s many activities; and
FURTHER RESOLVED, that the Board of Governors’ high personal regard and deep
appreciation for his exemplary service be permanently recorded along with the Board’s sincere
hope that the Institute, investment companies and their shareholders may long continue to
benefit from his experience, judgment and counsel for many years into the future.
Consent to Resolution of Appreciation
I consent to the resolution of appreciation dated October 4, 2002 for Terry K. Glenn
_____________________________
Name
_____________________________ _________________________________
Date Signature
Please fax your response by August 12, 2002 to Melissa Johnson at 202/326-5806.