Fund Governance Content

ICI filed this comment letter with the CFTC on its DCO governance rule proposal and the SEC on its registered clearing agency governance and conflicts of interest rule proposal. ICI's letter expresses support for the proposals, which would codify standards for DCOs and registered...

In July 2022, the SEC proposed amendments to Rule 14a-8 (the shareholder proposal rule) by a 3-2 vote. The proposal would narrow three bases upon which companies may exclude shareholder proposals from their proxy statements: the “substantial implementation,” “duplication,” and...

As Thomas Kim finished his first year as IDC's managing director, he sat down to discuss the organization’s priorities.

March 16, 2020 Ms. Vanessa Countryman Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Re: Amendments to Rule 2-01, Qualification of Accountants (File Number S7-26-19) Dear Ms. Countryman: The Investment Company Institute1 and the Independent...

Fund boards set a high standard for fund oversight by continuing to adopt strong governance practices. A regular survey by ICI and the Independent Directors Council captures the trends. In the February 21, 2020, edition of Focus on Funds, Lisa Hamman, senior associate counsel for the...

In a letter in the Independent Directors Council's 2019 Annual Review, IDC Managing Director Thomas Kim discusses the beginning of his role as head of IDC....

February 3, 2020 Ms. Vanessa A. Countryman Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Re: Amendments to Exemptions from the Proxy Rules for Proxy Voting Advice (File No. S7-22-19) and Procedural Requirements and Resubmission Thresholds under...