Memo #
23240

2009 ICI/IDC Directors Practices Study - Final Notice
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[23240]

 

February 9, 2009

TO: ACCOUNTING/TREASURERS MEMBERS No. 10-09
CHIEF COMPLIANCE OFFICER COMMITTEE No. 3-09
CLOSED-END INVESTMENT COMPANY MEMBERS No. 9-09
OPERATIONS MEMBERS No. 4-09
SEC RULES MEMBERS No. 14-09
SMALL FUNDS MEMBERS No. 11-09     RE: 2009 ICI/IDC DIRECTORS PRACTICES STUDY - FINAL NOTICE

 

As we previously informed you, the Institute is currently inviting fund complexes to participate in the upcoming ICI/IDC Directors Practices Study.  This study collects information on independent director compensation and a wide range of director practices.  Study results are available only to those fund firms that provide their director data and pay a fee intended to cover the Institute’s cost of performing the Study.

 

Attached is a list of fund firms that have agreed to participate in the Study as of February 6, 2009.  If your firm is not included on this list and you would like to participate in the ICI/IDC Directors Practices Study, please complete the attached Survey Agreement and fax or email it to the Institute as soon as possible.

 

A more complete description of the ICI/IDC Director Practices Study, including deadlines, participation fees, and customized peer reports is contained in a previously distributed memorandum.  [1]  As with other ICI surveys, participant responses are confidential, although, in accordance with the ICI Survey Agreement, ICI may from time to time share aggregated survey results with third parties, as it deems appropriate.  If you have any questions on the ICI/IDC Director Practices Study, please contact the undersigned (202/326-5851) or Annette Capretta of the Independent Directors Council (202/371-5436).

 

 

Gregory M. Smith
Director—Operations
Compliance & Fund Accounting

 

Attachment (List of firms and survey agreement)

 

endnotes

 [1] See Institute Memorandum to Accounting/Treasurers Members No. 6-09, Chief Compliance Officer Committee No. 1-09, Closed-end Investment Company Members No. 3-09, Operations Members No. 2-09, SEC Rules Members No. 5-09, Small Funds Members No. 4-09 [23184], dated January 15, 2009.