[17069]
February 5, 2004
TO: BOARD OF GOVERNORS No. 9-04
CLOSED-END INVESTMENT COMPANY MEMBERS No. 8-04
PRIMARY CONTACTS - MEMBER COMPLEX No. 11-04
SEC RULES MEMBERS No. 19-04
SMALL FUNDS MEMBERS No. 13-04
RE: DIRECTORS’ COMMITTEE LETTER TO SEC CHAIRMAN DONALDSON ON
GOVERNANCE ISSUES
The Directors’ Committee recently sent a letter to SEC Chairman Donaldson outlining
the committee’s views on a number of governance issues raised by the Chairman in
Congressional testimony and later proposed as amendments to the Investment Company Act.
The letter, a copy of which is attached, also shared the committee’s views on governance issues
presented in pending legislation. The letter was sent to Chairman Donaldson prior to the
Commission’s formal proposal of amendments; accordingly, the Committee likely will submit a
comment letter addressing additional issues raised in the proposing release.
Marguerite C. Bateman
Senior Associate Counsel
Attachment (in .pdf format)
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