[15297]
October 24, 2002
TO: BOARD OF GOVERNORS No. 36-02
RE: JANUARY 2003 BOARD OF GOVERNORS MEETING
The Institute’s Board of Governors Winter meeting will be held January 27 – 28, 2003 at
the Ritz-Carlton in Naples, Florida.
Historically the Winter meeting has provided an opportunity for Governors to engage in
extended discussions of topics which are important to the long-term future of the industry and
to build relationships with one another. As the industry has faced difficult issues, the strength
of these relationships has greatly assisted the Institute in addressing industry-wide issues,
which at times require members to set aside individual firm perspectives to reach common
solutions. This is even more important due to the prominence and diversity of the industry.
While we recognize that the time commitment to attend the Winter meeting is substantial, we
encourage you to attend. The interaction among the Governors which occurs at the Winter
meeting has been a significant contributor to the long-term success of the Institute and the
industry.
The January meeting will include a number of presentations and opportunities for
interactive discussions among Governors. This year’s Planning Committee has identified
several presentations. On Monday, a panel of Governors will discuss the effect that the
accounting and governance scandals have had on mutual funds as investors and sponsors, and
we are seeking speakers from McKinsey and PWC to engage the Board in a discussion of the
strategic issues related to outsourcing. Tuesday will begin with small group discussions on
topics of interest to Governors, and will end with a presentation by Michael Goldstein
regarding his soon to be published research report on the money management industry. The
formal business meeting will be divided between both days. A preliminary schedule of events
is attached.
Attached is information regarding hotel accommodations and a meeting registration
form. To secure your reservation, please call the hotel at (239) 593-2000 or Ritz-Carlton central
reservations at (800) 241-3333 and mention the Investment Company Institute meeting to
receive the preferred rate. Room availability is limited, so we encourage you to reserve your
room as soon as possible. If you experience any difficulties, please contact Jane Forsythe.
Please also return the meeting registration form by fax to Jane Forsythe at the ICI (202) 326-5986.
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The Institute is planning an optional dinner on Tuesday evening for those Governors
leaving on Wednesday. Please indicate on the attached form if you will be at dinner on
Tuesday evening, January 28th.
We look forward to seeing you in January.
Matthew P. Fink
President
Attachments
(Continued)
Executive Committee/Board of Governors Meeting
Ritz-Carlton
Naples, Florida
PRELIMINARY SCHEDULE OF EVENTS
SATURDAY, JANUARY 25, 2003
6:30 pm Early Arrivals Dinner
with spouses and guests
SUNDAY, JANUARY 26, 2003
1:30 – 3:00 pm Chairman’s Council Meeting
(Zino, Anderson, Carifa, Flanagan, Glenn, Graham, Haaga, Lyons)
3:00 – 5:30 pm Executive Committee Meeting
6:30 pm Reception/Dinner
with spouses and guests
MONDAY, JANUARY 27, 2003
7:00 – 8:00 am Breakfast
8:00 – 9:30 am How Funds as Investors and Fund Sponsors are Reacting to the Fallout
from Corporate Governance and Accounting Scandals
A panel discussion of Governors, moderated by Peter Wallison of the American
Enterprise Institute, will discuss their views on these topics and engage in a
discussion with the Board.
9:00 am Spouse / Guest Activities
9:30 – 10:30 am Board of Governors Meeting – Institute Business Matters
10:30 – 12:00 pm Outsourcing of Fund Services
Speakers from McKinsey and PWC are being sought to discuss the strategic
and practical aspects of outsourcing fund services to third party providers in the
U.S. and overseas.
12:30 pm Golf Tournament
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MONDAY, JANUARY 27, 2003, (continued)
2:00 pm Tennis Tournament
2:00 pm Optional Activities
for attendees not participating in either tournament
7:00 pm Reception / Dinner
with spouses and guests
TUESDAY, JANUARY 28, 2003
8:00 – 9:30 am Board of Governors Breakfast Discussion Groups
Small groups of Governors will discuss and share insights on topics of interest
to the groups.
9:30 – 11:00 am Board of Governors Meeting – Institute Business Matters
11:00 – 12:00 pm Money Management in America
Michael Goldstein will present his latest research on the money management
industry and engage in a discussion with the Board.
12:15 – 2:30 pm Nominating Committee Meeting
(Members to be determined)
6:30 pm Optional Dinner
with spouses and guests
2003 WINTER BOARD OF GOVERNORS MEETING
JANUARY 27 – 28, 2003
RITZ-CARLTON – NAPLES, FLORIDA
Hotel Room Rate and Reservation Method
The Ritz-Carlton Golf Hotel in Naples, Florida is holding guest rooms for this meeting. Room
rates are listed below. To secure your reservation, please call the hotel at (239) 593-2000 or Ritz-
Carlton central reservations at (800) 241-3333 and mention the Investment Company Institute
meeting to receive the meeting rate. Due to limited availability, please call the hotel as soon as
possible. If you have any difficulties in securing a room, please call Jane Forsythe at (202) 326-
5934.
We have also secured a small block of rooms at the Ritz-Carlton Naples (approximately 3 miles
away) for those who may prefer to stay at the beach front property rather than onsite at the golf
property. The room rate for this property is $479/night, exclusive of tax and service fees. To
secure your reservation, please call the hotel at (941) 598-3300 or you may call Ritz-Carlton
central reservations at (800) 241-3333. Please mention the Investment Company Institute to
receive the meeting rate.
The cut-off date for reservations at both hotels is December 30, 2002. After that date, there is no
guarantee that guest rooms will be available.
Ritz-Carlton Golf Hotel Accommodation Descriptions and Rate Information
The guest rooms the Institute has reserved include a private balcony with views of the golf
course. The rate for the guest rooms is $389/night, exclusive of tax and service fees.
If you prefer, the hotel can provide you with a club level room for $689/night, exclusive of tax
and service fees. Please note that there is limited availability of club level rooms.
Expenses and Cancellation Information
A deposit equal to one night’s stay plus tax is required to guarantee the reservation. Deposits
may be made by cash or with a major credit card. You must cancel your reservation by January
8, 2003 in order to receive a refund of your deposit.
The Institute reimburses independent directors for travel costs to attend the Board meeting. For
the January meeting, ICI customarily reimburses independent directors for up to four nights
lodging for a standard guest room and transportation costs for you and your spouse or guest.
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General Hotel and Transportation Information
Ritz-Carlton Golf Hotel Ritz-Carlton Beach Hotel
2600 Tiburón Drive
Naples, Florida 34109
280 Vanderbilt Beach Road
Naples, Florida 34108
Phone: (239) 593-2000 Phone: (941) 598-3300
Fax: (239) 254-3300 Fax: (941) 598-6690
Pre-arranged transportation can be coordinated by calling Destination Services located at the
Ritz-Carlton Naples. Please call the hotel’s main number, (941) 598-3300, and ask to be
connected to Destination Services.
Golf
The Tiburon golf course, designed by Greg Norman, is located on property at the Ritz-Carlton
Golf Hotel. For individual tee times, please call the Ritz-Carlton golf department at (239) 254-
3340. Please note that any cancellations must be made at least 48 hours prior to scheduled tee
time to avoid penalty.
If you have any questions, please call Jane Forsythe at (202) 326-5934.
2003 WINTER BOARD OF GOVERNORS MEETING
JANUARY 27 – 28, 2003
RITZ-CARLTON – NAPLES, FLORIDA
MEETING REGISTRATION
Name ___________________________________________________________________________
Company Name __________________________________________________________________
Spouse/Guest ____________________________________________________________________
Telephone ________________________ Fax __________________________________
I/We will ____ will not ____ attend the optional dinner on Tuesday, January 28, 2003.
Date/Time of Arrival _________________________________
Date/Time of Departure _______________________________
PLEASE RETURN COMPLETED FORM TO:
Jane Forsythe, Director Conferences/Meetings
Investment Company Institute
1401 H Street, NW
Washington, DC 20005
FAX: (202) 326-5986
PHONE: (202) 326-5934