2016 Fund Directors Conference
October 25–27, 2016
Chicago, Illinois


Tuesday, October 25

1:00–5:00 p.m.

Core Responsibilities of Fund Directors

During this half-day session, panelists will review the fundamental responsibilities of fund directors and offer opportunities for directors to discuss and explore practices for fulfilling their responsibilities. The session is designed for newer directors, but fund directors with any experience level are welcome to attend for a refresher on their core responsibilities.

Note: Session is open only to fund directors (independent and interested).

Terence J. Toth, Moderator
Independent Director
Nuveen Funds

Patricia Louie
Executive Vice President and General Counsel
AXA Equitable Funds Management Group, LLC

Christopher E. Palmer
Goodwin Procter

5:30–7:00 p.m.

Registration and Reception

Wednesday, October 26

7:00 a.m.–5:00 p.m.


7:00–8:00 a.m.

Continental Breakfast

7:00–8:00 a.m.

A Breakfast with Audit Committee Chairs

Back by popular demand, this session—open only to audit committee chairs—will feature an informal and interactive roundtable discussion of topics of interest among the participants. Attendees must submit a question or discussion topic when registering.

Garry L. Moody, Facilitator
Independent Director
AB Funds

8:00–8:15 a.m.

Welcome and Opening Remarks

8:15–9:15 a.m.

The CEO’s Take: A Global Conversation with Ted Truscott

In this fast-paced Q&A session, IDC Vice Chair Jon Zeschin will sit down with Columbia Threadneedle CEO Ted Truscott for a conversation on the state of the fund industry amid political and economic pressures around the globe—and the role of fund directors in the industry’s growth and success.

Jonathan F. Zeschin
Independent Chair, Matthews Asia Funds
Vice Chair, Independent Directors Council

William F. (“Ted”) Truscott
Columbia Threadneedle Investments

9:15–9:30 a.m.


9:30–10:45 a.m.

Things Are Happening: A Discussion of Industry Trends

Major industry trends—liquidity management, distribution, and the use of financial technology—will take center stage at this exciting, forward-looking session. A panel of industry experts will offer their unique perspectives on these trends and what the independent director community can expect them to mean for their oversight role.

Brian Reid, Moderator
Chief Economist
Investment Company Institute

John M. Blaser
President and Interested Director
BMO Funds

Michael Keenan
Senior Managing Director, Dealer Relations
MFS Investment Management

Paul D. Schaeffer
IndexIQ ETF Trust

10:45–11:15 a.m.


11:15 a.m.–12:15 p.m.

Regulation, Litigation, and Enforcement: The Current Landscape

The SEC’s regulatory agenda, its examination activities, and recent court decisions are challenging fund boards. Hear board and litigation counsel speak in-depth about some of the biggest challenges: the SEC proposals on liquidity risk management and funds’ use of derivatives, staff guidance on business continuity and on distribution, Section 36(b) cases, and more.

Amy B. R. Lancellotta, Moderator
Managing Director
Independent Directors Council

Karrie McMillan
Independent Director
Principal Funds

Paulita A. Pike
Ropes & Gray

Stephen G. Topetzes
K&L Gates

12:15–1:45 p.m.

Luncheon and Keynote Address

Brexit and What It Means for Funds

Brian D. Singer
Head of Dynamic Allocation Strategies
William Blair

Brian Singer will review the United Kingdom’s recent vote to leave the European Union, and examine its potential implications for the fund industry.

2:00–3:00 p.m.

Concurrent Sessions

Session A: The Future of Fund Distribution
The future of fund distribution is upon us—from the growing trends toward omnibus accounts and robo-advisers, and the US Department of Labor’s fiduciary rule. What do they mean for the oversight responsibilities of fund directors? Panelists discuss it all at this lively panel.

Maryann Bruce, Moderator
Independent Director
PNC Funds

Matthew R. DiClemente
Stradley Ronon Stevens & Young

Jeffrey O. Duckworth
President of Retail Distribution
John Hancock Investments

Session B: Trading and Best Execution in Today’s Markets
Capital markets are evolving faster than ever before. Learn about what funds are doing to protect themselves from market system problems and failures and about how funds evaluate broker-dealer order routing. Panelists will discuss board oversight of market structure issues, including the reports that directors receive.

Ari Burstein, Moderator
Head of U.S. Regulatory Affairs

Kevin Cronin
Global Head of Trading

R. Jay Gerken
Independent Director
Bernstein Funds

Session C: The Spotlight on Valuation and Liquidity
As the regulatory focus on valuation and liquidity continues to sharpen, it is critical that fund boards understand regulatory expectations. Panelists will discuss these expectations and practices funds use to value portfolio securities and manage liquidity risk. The panel will also address questions that boards might consider asking their funds’ advisers, including about pricing vendors, stress testing, and private placements.

Mark Garbin, Moderator
Independent Director
Forethought Variable Insurance Trust

Joshua B. Deringer
Drinker Biddle

Lance Dial
Managing Director
Wellington Management Company, LLP

Elizabeth Duggan
Managing Director
ICE Data Services

3:00–3:30 p.m.

Refreshment Break

3:30–4:30 p.m.

Board Committee Discussion Forums

In three roundtable discussions—one each for audit, governance, and investment committee topics—participants will gather with their peers for an informal, interactive dialogue on current topics and issues facing the respective committees. Participants can submit a question or discussion topic when they register.

Audit Committee
Garry L. Moody, Facilitator
Independent Director
AB Funds

Governance Committee
Thomas P. Lemke, Facilitator
Independent Director
AXA Premier VIP Trust, JP Morgan Exchange-Traded Fund Trust, and SEI Funds

Investment Committee
William Ebsworth, Facilitator
Independent Director
Wells Fargo Funds

4:30–6:30 p.m.


Cocktails and hors d’oeuvres will be served.

NOTE: There will be no conference dinner. Dining recommendations are available.

Thursday, October 27

7:30–11:30 a.m.


7:30–9:00 a.m.

Breakfast Discussion Session

Directors will participate in roundtable discussions about governance issues.

9:15–10:15 a.m.

Crisis Response Scenarios: Planning Ahead

In this innovative session, panelists will discuss specific scenarios and strategies for planning ahead. The panel also will weigh in on the role of the board in responding to crisis situations.

Dawn M. Vroegop, Moderator
Independent Director
MetLife Funds and Driehaus Funds

Michelle McCarthy Beck
Managing Director, Risk Management
Nuveen Investments

Natalie Bej
Principal and CCO

Rajib Chanda
Simpson Thacher & Bartlett LLP

Noah Hamman

10:15–10:45 a.m.


10:45–11:45 a.m.

Political Landscape: Discussion with ICI’s Chief Government Affairs Officers

Hear ICI’s chief government affairs officers discuss their insights into the upcoming general election and learn how the outcomes could affect the fund industry.

Donald C. Auerbach
Chief Government Affairs Officer and Co-Head, Government Affairs
Investment Company Institute

Dean R. Sackett III
Chief Government Affairs Officer and Co-Head, Government Affairs
Investment Company Institute

11:45 a.m.

Boxed lunches will be available.