Oversight Content

On August 21, 2023, ICI submitted a response to the Financial Stability Board's consultation, Enhancing Third-Party Risk Management and Oversight. ICI's letter expresses general support for the overall goals and approach of the FSB's consultation and its use of a toolkit, rather than...

The Independent Directors Council (IDC) commented on the Securities and Exchange Commission’s (Commission) proposed rule on outsourcing by investment advisers, Rule 206(4)-11 under the Investment Advisers Act of 1940 (Advisers Act). The proposed rule would establish due diligence and...

IDC is the leading organization supporting the fund director community. Learn about its four-part mission.

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July 9, 2018 Mr. Brent J. Fields Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Re: Auditor Independence with Respect to Certain Loans or Debtor-Creditor Relationships (File No. S7-10-18) Dear Mr. Fields: The Investment Company Institute1 and the...

Independent directors and chief compliance officers (CCOs) form an important team on behalf of fund shareholders. In the May 26, 2017, edition of Focus on Funds, veteran independent director Kathie Barr describes the evolving relationship between boards and CCOs.

August 23, 2016 Mr. Brent J. Fields Secretary Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: Adviser Business Continuity and Transition Plans Proposal (File No. S7-13-16) Dear Mr. Fields: The Investment Company Institute1 appreciates the opportunity to...

IDC Letter to SEC Highlights Proper Role of Fund Boards Letter Outlines Approach to Limiting Directors’ Responsibilities Under SEC Rules to Fund Oversight Washington, DC, June 23, 2016 - The proper governance role of fund independent directors is oversight, not management, the...