IDC News Releases

New ICI and IDC Survey Results Provide Benchmark for Improving Diversity and Inclusion in Asset Management Industry Industry committed to making progress Washington, DC; February 23, 2021—The first publicly available results from industrywide surveys by the Investment Company...

Independent Directors Council Names Kathleen T. Barr as Chair IDC Elects Three Additional Governing Council Members Washington, DC; October 28, 2020—The Governing Council of the Independent Directors Council (IDC) has elected Kathleen T. Barr as its chair. Barr, who has served as IDC...

IDC Commends SEC’s Fair Valuation Framework and Recommends Modifications to Prescriptive Elements Washington, DC; July 16, 2020—The fair valuation proposal issued by the Securities and Exchange Commission (SEC) provides welcome clarity on the oversight role of fund directors, said the...

ICI and IDC Welcome SEC’s Efforts to Modernize Framework for Fund Valuation Practices Washington, DC; April 22, 2020— ICI General Counsel Susan Olson and Independent Directors Council Managing Director Thomas Kim issued the following statement today in response to the US Securities...

Proxy System for Funds Is Costly and Inefficient, New Report Shows Reforms Are Necessary to Improve System for Funds and Their Investors Washington, DC; December 23, 2019—The Securities and Exchange Commission (SEC) could save millions of dollars for registered fund shareholders...

Study by IDC and ICI Shows Boards Exceed Regulatory Mandates Washington, DC; October 15, 2019—Fund boards continue to safeguard the interests of shareholders by engaging in and maintaining strong governance practices, the Independent Directors Council (IDC) and Investment Company...

Independent Directors Council Reelects Chair Dawn Vroegop; Kathleen T. Barr Named Vice Chair Three New Governing Council Members Selected Washington, DC; October 3, 2019—The Governing Council of the Independent Directors Council (IDC) reelected Dawn Vroegop as its chair for a second...

ICI Names Thomas T. Kim Managing Director of IDC Washington, DC; August 28, 2019—The Investment Company Institute (ICI) has named Thomas T. Kim as managing director of the Independent Directors Council (IDC). Kim takes the lead at IDC in its 15th anniversary year, succeeding Amy B. R...

Funds Take Investor-Centric, Nuanced Approach Toward Proxy Voting New ICI Report Shows Funds Vote Carefully and Conscientiously Washington, DC; July 29, 2019—Funds cast their votes on proxy proposals offered at portfolio companies in the interests of fund shareholders and consider a...

IDC’s Amy Lancellotta to Retire After Three Decades of Service on Behalf of Fund Shareholders and Directors Washington, DC; April 4, 2019—Amy B. R. Lancellotta, managing director of the Independent Directors Council (IDC), will retire at the end of 2019, after completing 30 years of...