2018 Fund Directors Conference
October 15–17
Chicago, IL


Preliminary Program


Monday, October 15

11:30 a.m.–Noon

Light Lunch for Participants in Core Responsibilities Session

Noon–5:00 p.m. 

Core Responsibilities of Fund Directors

At this popular preconference session, you’ll hear expert panelists review the core responsibilities of fund directors—and explore practices for fulfilling them. This session caters to directors (both independent and interested) of all levels of experience. Newer directors will want to join to build their knowledge; veteran directors will want to come for the refresher. It is a perfect complement to IDC’s new orientation program—Foundations for Fund Directors®. 

This session is limited to directors of ICI member funds; if space permits, ICI members also may attend.

Kenneth G. Y. Grant, Moderator
Independent Director
Unified Series Trust

Bill Coffey
Senior Vice President and Deputy General Counsel
Fidelity Investments

Christopher E. Palmer

5:00–6:30 p.m.

Registration and Reception


Tuesday, October 16

7:00 a.m.–5:00 p.m.


7:00–8:00 a.m.

Audit Committee Chair Breakfast

At this breakfast, which is limited to fund directors who serve as audit committee chairs, attendees will engage in a group discussion.

Foundations for Fund Directors® Participant Breakfast

This breakfast is limited to fund directors who have participated in the Foundations for Fund Directors program. Attendees will have the opportunity to reconnect with fellow participants and to continue interactive discussions.

7:00–8:00 a.m.

Continental Breakfast for All Attendees

This breakfast is open to all conference attendees.

8:10–8:30 a.m.

Welcome and Opening Remarks

8:30–9:15 a.m.

Regulatory Developments: A Discussion with Dalia Blass

Dalia Blass Dalia Blass
Division of Investment Management
US Securities and Exchange Commission

9:15–10:00 a.m.

Paradigm Shift: Product, Distribution, and Other Industry Trends Shaping Today’s Fund Business

Today’s asset management industry is experiencing consolidation, demographic changes, and a radically shifting distribution landscape, to name just a few. Panelists will engage in a lively discussion on what it all means for funds and their shareholders.

Keith F. Hartstein, Moderator
Independent Director
PGIM Funds

T. Neil Bathon
Managing Partner
FUSE Research Network LLC

10:00–10:15 a.m.

Refreshment Break

10:15–11:15 a.m.

Enterprise Risk Oversight: This Year’s News and the Related Risks

Headline topics—cybersecurity breaches, regulatory enforcement actions in the financial services area, and the “Me Too” movement—are reminders of the risks that can adversely affect a fund complex’s reputation and affect the shareholders it serves. Panelists will discuss the scope of oversight for a fund board, effective board reports, and areas for board consideration.

Annette M. Capretta, Moderator
Deputy Managing Director
Independent Directors Council

Douglas P. Dick
Dechert LLP

Mary Davis Holt
Independent Director
American Funds

Bob Scales
Robert P Scales, LLC

11:15 a.m.–12:15 p.m.

Fair Valuation: From the Routine to the Complex—Effective Oversight Practices

What are common practices for board oversight of pricing vendors? What are the current focus areas for boards? What are some effective formats for fair valuation board reports? These and other related questions will be addressed by an expert panel.

Ronald E. Toupin Jr., Moderator
Independent Director
Guggenheim Funds

Chad B. Gazzillo
Audit Partner

Timothy W. Levin
Morgan Lewis

Jackie Soderlund
Senior Manager, Investment Operations
Matthews Asia

12:30–2:00 p.m.

Luncheon and Keynote Address

James Stavridis

Admiral James Stavridis (USN, Retired)
Former NATO Supreme Allied Commander
Operating Executive Consultant
The Carlyle Group
Independent Director
Neuberger Berman Funds

2:15–3:15 p.m.

Discussion Forums

Each breakout session will focus on the topics that come before a particular committee or are related to a particular board responsibility. All conference attendees are invited to attend the breakout session of their choice.

      • Advisory Contract Review (the 15(c) process)
      • Audit Committee
      • Compliance Committee
      • Governance/Nomination Committee
      • Investment Committee

3:15–3:45 p.m.

Refreshment Break

3:45–4:45 p.m.

Discussion Forums: A Debrief

Attendees will reconvene in the main room to hear the key takeaways from each of the discussion forums and continue the interactive engagement.

Lisa C. Hamman, Moderator
Senior Associate Counsel
Independent Directors Council

Kathleen T. Barr
Independent Director
William Blair Funds

Susan C. Coté
Independent Director
SEI Funds

James Hillman
Independent Director
Miller/Howard Funds and Value Line Funds

Thomas P. Lemke
Independent Director
JP Morgan Exchange-Traded Fund Trust and SEI Funds

Ronald C. Parker
Independent Director

5:00–6:30 p.m.

Reception with Cocktails and Hors d’Oeuvres

Wednesday, October 17

7:30–11:30 a.m.


7:30–9:00 a.m.

Breakfast Discussion Session

9:15–10:15 a.m.

Blockchain, Robotics, and Artificial Intelligence: Changing Times Ahead

As innovations in technology continue to provide new and efficient ways for funds to do business, this panel provides an update on these technology innovations, how they are continuing to transform the fund business, and what questions boards should be asking.

Marty Burns, Moderator
Chief Industry Operations Officer
Investment Company Institute

Ira Cohen
Independent Director
Angel Oak Funds
Griffin Capital Funds
Valued Advisors Trust

Kelley Conway
Managing Director

Kathleen Ives
Senior Vice President and Director of Internal Audit

10:15–10:45 a.m.

Refreshment Break

10:45–11:45 a.m.

Political Landscape: The Midterms and Beyond

Dean Sackett and Don Auerbach, ICI’s chief government affairs officers and co-heads of the government affairs department, will provide an update of the current legislative agenda and what to expect in 2019.

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

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

11:45 a.m.

Boxed Lunches Will Be Available