Independent Directors Council Content

[11175] August 10, 1999 TO: DIRECTOR SERVICES COMMITTEE No. 22-99 RE: COMMITTEE MEETING; DIRECTORS CONFERENCE ______________________________________________________________________________ Committee Meeting The next meeting of the Director Services Committee will be on Wednesday...

1 Verkouteren v. Blackrock Financial Management, Inc., 98 Civ. 4673 (S.D.N.Y. July 16, 1999). 2 Verkouteren v. Blackrock Financial Management, Inc., 98 Civ. 4673 (S.D.N.Y. Feb. 4, 1999). See also Memorandum to Board of Governors No. 6-99, Closed-End Investment Company Members No. 10...

1 Green et al. v. Fund Asset Management, L.P. et al., Civ. No. 97-3502 (DRD)(D.N.J.)(June 14, 1999). 2 Under Section 36(b), the plaintiffs’ potential recovery will be limited to the improper fees generated in the one-year period preceding the complaint and the case must be tried to...

* See Memorandum to Board of Governors No. 43-99, Director Services Committee No. 17-99 and Primary Contacts - Member Complex No. 64-99, dated June 23, 1999; Memorandum to Closed-End Investment Company Members No. 24-99, SEC Rules Members No. 41-99 and Small Funds Members No. 6-99...

1 Letter from Amy B.R. Lancellotta, Senior Counsel, Investment Company Institute, to Douglas J. Scheidt, Chief Counsel, Division of Investment Management, Securities and Exchange Commission, dated March 4, 1999. 2Letter to Investment Company Institute from Alison M. Fuller, Assistant...

[11066] June 23, 1999 TO: BOARD OF GOVERNORS No. 43-99 DIRECTOR SERVICES COMMITTEE No. 17-99 PRIMARY CONTACTS - MEMBER COMPLEX No. 64-99 RE: REPORT OF THE ADVISORY GROUP ON BEST PRACTICES FOR FUND DIRECTORS ______________________________________________________________________________...

* Green v. Nuveen Advisory Corp., No. 97 C 5255 (N.D. Ill. 1999). [11034] June 3, 1999 TO: CLOSED-END INVESTMENT COMPANY MEMBERS No. 21-99 DIRECTOR SERVICES COMMITTEE No. 16-99 SEC RULES MEMBERS No. 36-99 RE: COURT DISMISSES SEVERAL CLAIMS UNDER THE INVESTMENT COMPANY ACT AGAINST...

[11024] May 28, 1999 TO: DIRECTOR SERVICES COMMITTEE No. 15-99 INVESTMENT COMPANY DIRECTORS No. 6-99 RE: DIRECTORS ISSUES FEATURED IN SPEECHES AT INSTITUTE'S 1999 GENERAL MEMBERSHIP MEETING ______________________________________________________________________________ In their...

1 SEC Release No. IC-23815 (April 29, 1999). [10972] May 12, 1999 TO: DIRECTOR SERVICES COMMITTEE No. 14-99 RE: COMMISSION PROPOSES NEW RULE ON SECURITIES DEPOSITORIES AND AMENDMENTS TO RULE 17f-5 ______________________________________________________________________________ The...

[10870] April 6, 1999 TO: DIRECTOR SERVICES COMMITTEE No. 13-99 RE: INSURANCE COVERAGE FOR INDEPENDENT DIRECTORS IN SUITS BROUGHT BY MANAGEMENT ______________________________________________________________________________ ICI Mutual Insurance Company recently revised its liability...