IDC Foundations

Foundations for Fund Directors ®


June 24–25, 2021 • Virtual

Note: The individual online course should be completed before you participate in the live group virtual sessions.


Session times are subject to change. Times are shown in eastern time.

Thursday, June 24

11:30 a.m.–12:30 p.m.

Introductions, Objectives, and Course Overview

12:30–1:30 p.m. 

Mutual Funds and the Fund Industry 

Guiding Principles for Director Oversight

1:30–2:00 p.m.  


2:00–2:20 p.m. 

Board Statutory, Regulatory, and General Oversight Responsibilities 

2:20–3:30 p.m. 

The 15(c) Process

3:30–4:00 p.m.


4:00–5:00 p.m. 

Wrap-Up Discussion

Friday, June 25

11:00–11:30 a.m.

Welcome Back: Level-Setting for the Day

11:30 a.m.–12:30 p.m.

Oversight of Compliance

12:30–1:00 p.m.


1:00–2:00 p.m.

Oversight of Investment Management and Performance

2:00–2:45 p.m.

Oversight of Fair Valuation and Liquidity

2:45–3:00 p.m.


3:00–4:00 p.m.

Oversight of Risk Management

4:00–4:30 p.m.

Wrap-Up Discussion and Conclusion