Proxy Voting Content

As Proxy Season Approaches, ICI and IDC Release New Report Designed to Assist Funds Washington, January 22, 2015—As funds prepare to vote proxies for their portfolio securities this spring, the Investment Company Institute (ICI) and the Independent Directors Council (IDC) have...

ICI president and CEO Paul Schott Stevens recently sent the following letter to the New York Times: Every mutual fund or other registered investment company is required by law to cast votes on proxy proposals in the interests of the fund and its investors. Generally, funds interpret...

June 20, 2013 Elizabeth M. Murphy Secretary Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-1090 Re: Additional Comments on NYSE Proposal Concerning Proxy Distribution Fees (File No. SR-NYSE-2013-07) Dear Ms. Murphy: The Investment Company Institute (“ICI”...

March 15, 2013 Elizabeth M. Murphy Secretary Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-1090 Re: NYSE Proposal Concerning Proxy Distribution Fees (File No. SR-NYSE-2013-07) Dear Ms. Murphy: The Investment Company Institute1 is responding to the...

ICI and IDC Applaud U.S. Court of Appeals Decision  to Vacate SEC Proxy Access Rule Court’s Decision Recognizes Mutual Funds’ Unique Structure Washington, DC, July 22, 2011 - The Investment Company Institute and the Independent Directors Council welcome the U.S. Court of Appeals for...

M April 28, 2011 Elizabeth M. Murphy Secretary U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-1090 Re: Listing Standards for Compensation Committees (File No. S7-13-11) Dear Ms. Murphy: The Investment Company Institute1 is pleased to comment on the...

ICI, IDC File Brief in Case Challenging SEC Proxy Access Rules “One-Size Fits All” Approach Fails to Recognize Unique Governance Structure and Regulation of Investment Companies Washington, DC, December 10, 2010 – The Investment Company Institute (ICI) and Independent Directors...

ORAL ARGUMENT NOT YET SCHEDULED No. 10-1305 ______________________________________________ IN THE UNITED STATES COURT OF APPEALS FOR THE DISTRICT OF COLUMBIA CIRCUIT ______________________________________________ BUSINESS ROUNDTABLE and CHAMBER OF COMMERCE OF THE UNITED STATES OF...

November 18, 2010 Ms. Elizabeth Murphy Secretary U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-1090 Re: Reporting of Proxy Votes on Executive Compensation and Other Matters (File No. S7-30-10) Dear Ms. Murphy: The Investment Company Institute1...