Independent Directors Council Content

[12754] October 19, 2000 TO: BOARD OF GOVERNORS No. 59-00 CLOSED-END INVESTMENT COMPANY COMMITTEE No. 27-00 DIRECTOR SERVICES COMMITTEE No. 15-00 SEC RULES COMMITTEE No. 122-00 RE: COURT AFFIRMS DISMISSAL OF CLASS ACTIONS ALLEGING BREACH OF FIDUCIARY DUTY AGAINST FUND DIRECTORS AND...

[12707] October 4, 2000 TO: DIRECTOR SERVICES COMMITTEE No. 14-00 RE: COMMITTEE MEETING; DIRECTORS CONFERENCE Committee Meeting The next meeting of the Director Services Committee will be on Wednesday, November 1, 2000, at 4:00 p.m. We will meet in the South American B room at the...

[12658] September 21, 2000 TO: BOARD OF GOVERNORS No. 55-00 CLOSED-END INVESTMENT COMPANY COMMITTEE No. 25-00 DIRECTOR SERVICES COMMITTEE No. 13-00 SEC RULES COMMITTEE No. 115-00 RE: SEC SUBMITS SUPPLEMENTAL AMICUS BRIEF ON IMPLIED PRIVATE RIGHT OF ACTION UNDER SECTION 36(a) OF THE...

[12520] August 23, 2000 TO: BOARD OF GOVERNORS No. 51-00 CLOSED-END INVESTMENT COMPANY COMMITTEE No. 23-00 DIRECTOR SERVICES COMMITTEE No. 12-00 SEC RULES COMMITTEE No. 109-00 RE: ICI SUBMITS AMICUS BRIEF ON IMPLIED PRIVATE RIGHT OF ACTION UNDER SECTION 36(a) OF THE INVESTMENT COMPANY...

[12196] July 10, 2000 TO: DIRECTOR SERVICES COMMITTEE No. 11-00 RE: GENERAL ACCOUNTING OFFICE REPORT ON MUTUAL FUND FEES DISCUSSES ROLE OF DIRECTORS The U.S. General Accounting Office has completed a report on mutual fund fees. The 125-page report, entitled “Mutual Fund Fees...

[11942] June 13, 2000 TO: DIRECTOR SERVICES COMMITTEE No. 10-00 RE: PARTICIPATION IN INSTITUTE'S 2000 DIRECTORS CONFERENCES ______________________________________________________________________________ Attached for your review is a confidential draft of the preliminary program for...

1 SEC Release No. IC-24424 (April 27, 2000) (the "Release"). A copy may also be obtained from the SEC’s website at www.sec.gov. 2 SEC Release No. IC-23815 (April 29, 1999). The ICI/Bank Proposal recommended that Rule 17f-5 be amended to provide that the foreign custody manager's ("FCM...

* The Institute, together with the Maryland Securities Association and Alliance Capital Management, submitted a brief as amici curiae urging the Maryland Court of Appeals to affirm the constitutionality of the 1998 law. See Memorandum to Board of Governors No. 8-00, Closed-End...

1 In the Matter of Monetta Financial Services, Inc., SEC Admin. Proc. File No. 3-9546, Initial Decision Rel. No. 162 (March 27, 2000). A petition for review of the initial decision may be filed within 21 days of service of the decision. 1 [11780] April 4, 2000 TO: COMPLIANCE ADVISORY...

1 Roumell v. Templeton Asset Management, et al. and Wetta v. Templeton Asset Management, et al., 98-6059-Civ-Hurley (S.D. Fl. Dec. 9, 1999). 2 Marquit v. Dobson, et al., 98 Civ. 9089 (JSM) (S.D.N.Y. Dec. 29, 1999). [11670] February 23, 2000 TO: CLOSED-END INVESTMENT COMPANY COMMITTEE...