May 14, 1990
TO: PUBLIC INFORMATION COMMITTEE NO. 15-90
RE: New Ad Hoc Subcommittees
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As discussed in memo 11-90, we are forming several ad hoc
subcommittees to monitor fund issues and opportunities which are
of interest to the news media. Enclosed are the subcommittee
rosters with their designated group leaders. We are starting off
with four subcommittees: Equity, Fixed Income, Money Market, and
Industry Issues. The Equity subcommittee will cover both
domestic and international developments concerning equity mutual
funds and the Fixed-Income and Money Market groups will cover
both the taxable and tax-free securities markets. Industry Issues
will cover regulatory, legislative, and other developments that
have industry-wide impact. Undoubtedly, there will be some
overlap of coverage from time to time.
Some members have signed up for more than one subcommittee, which
is fine if they have time and to the extent scheduling conflicts
can be avoided. By the way, if you have not signed up for a
subcommittee and would like to (strictly voluntary), please call
Erick Kanter at 202/955-3530 or me at 301/547-2124.
Each subcommittee will rely on its members and on the Institute
staff to stay abreast of the issues or trends that fall within
its "jurisdiction" and which have PR implications. Hopefully,
each subcommittee will take the lead in identifying the key
issues/opportunities in its area and suggesting a possible
position statement, if necessary, for responding to press
inquiries.
The subcommittee reports will help set the agenda and guide the
full committee's discussion if these topics. While this system
may require more time and effort by committee members, I think it
will serve to keep all of us better informed and facilitate the
communication process with the ICI staff and with each other.
The group leader for each subcommittee will be primarily
responsible for arranging conference calls, as needed, and group
meetings, which can be scheduled in connection with our regular
committee meetings. We appreciate your enthusiasm and willingness
to participate in this new experiment. I'm sure we will all
benefit from your individual contributions.
Best regards,
Steven E. Norwitz
Chairman
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