Opinions Content

Message from IDC Chair Mike Scofield about Jones v. Harris Decision On March 30, in a unanimous decision in Jones v. Harris Associates, the U.S. Supreme Court endorsed the current legal framework used by courts to assess claims of excessive fund advisory fees (commonly referred to as...

Opinion - Channel Anger at Wall St. Pay, Not Fund Fees By Paul Schott Stevens (as published in Investor's Business Daily on October 28, 2009) Americans are outraged over bloated executive pay — and rightly so. When a Richard Fuld (Lehman Bros.), Stanley O'Neal (Merrill Lynch) or Chuck...

Jones v. Harris: Standing Up for Directors by Michael Scofield (as published in BoardIQ on October 27, 2009) Guest Columnist: Michael S. Scofield is independent chairman of Evergreen Funds and chairman of the Independent Directors Council. A funny thing happened on the way to the...

September 4, 2009 Message from IDC Chair Mike Scofield The Supreme Court rarely decides a case affecting the mutual fund industry. On November 2, however, the Court will hear oral arguments in Jones v. Harris Associates. The decision in that case will have implications for the mutual...

MoneyVoices: ICI's Stevens Backs Rival 401(k) Fee Bill by Paul Schott Stevens (as published in the MoneyVoices column in Ignites on July 9, 2009) The Investment Company Institute and its mutual fund members have been advocating better 401(k) disclosure for more than 30 years. The...

Opinion: Group of Thirty Money Market Proposals Will Harm Investors, Economy by Michael S. Scofield, Chairman of Independent Directors Council (IDC); Robert W. Uek, Past Chairman of IDC; James H. Bodurtha, Past Chairman of IDC and IDC’s predecessor organization, the Director Services...

MoneyVoices: ICI’s Stevens Lists Needed Reforms by Paul Schott Stevens (as published in the Money Voices column in Ignites on January 16, 2009) With long experience as a regulator, President-elect Obama’s pick for Securities and Exchange Commission chair, Mary Schapiro, understands...

Details on Treasury’s Guarantee Program A Message from Paul Schott Stevens, President and CEO, Investment Company Institute Washington, DC, September 30, 2008 - Yesterday, ICI welcomed the Treasury Department's announcement regarding details on the guarantee program for money market...

A Report on Extraordinary Market Conditions and ICI’s Response A Message from Paul Schott Stevens, President and CEO, Investment Company Institute Washington, DC, September 22, 2008 - These are extraordinary times for financial markets around the world, and the impact on our industry...

Setting a New Standard at the SEC By Paul Schott Stevens (as published in InvestmentNews, August 8, 2005) The controversial manner in which the Securities and Exchange Commission readopted its mutual fund governance requirements should not obscure the fact that the decision of the U.S...