Independent Directors Council

Chair:

• Susan B. Kerley
  Independent Director, Legg Mason Partners Funds
  Independent Chair, MainStay Funds

Chair Emeritus:

• Dorothy A. Berry
  Independent Director, PNC Funds
  Independent Chair, Professionally Managed Portfolios

Governing Council:

• James H. Bodurtha
  Independent Director, BlackRock Funds
• Robert P. Bremner
  Independent Director, Nuveen Funds
• David H. Chow
  Independent Director, Market Vectors ETF Trust
• Diana M. Daniels
  Independent Director, Goldman Sachs Funds
• Dennis J. Dirks
  Independent Director, Fidelity Equity and High Income Group of Funds
• Peter S. Drotch
  Independent Director, ING Funds
• Paul K. Freeman
  Independent Director, DWS Funds
• Anne M. Goggin
  Independent Director, RS Funds
• Karen N. Horn
  Independent Director, T. Rowe Price Funds
• Leonade D. Jones
  Independent Director, American Funds
• John P. Kavanaugh
  Independent Director, MFS Funds
• Garry L. Moody
  Independent Director, AllianceBernstein Funds
• Steven J. Paggioli
  Independent Director, Aston Funds, Managers Funds, and Professionally Managed Portfolios
• Davey S. Scoon
  Independent Director, Allianz Funds
• Erik R. Sirri
  Independent Director, Natixis Funds
• George J. Sullivan Jr.
  Independent Director, SEI Funds
• Ralph F. Verni
  Independent Director, Eaton Vance Funds
• Jonathan F. Zeschin
  Independent Trustee, Matthews Asia Funds

In addition, the following independent directors on the ICI's Board of Governors are members of the IDC's Governing Council:

• Ashok N. Bakhru
  Independent Director, Goldman Sachs Funds
• Bruce L. Crockett
  Independent Director, Invesco Funds
• C. Gary Gerst
  Independent Director, Henderson Global Funds
• Donald H. Pratt
  Independent Director, American Century Funds
• Laura T. Starks
  Independent Director, TIAA-CREF Funds
• Mary Ann Tynan
  Independent Director, Oppenheimer Funds
• Robert W. Uek
  Independent Director, MFS Funds