In the Margins

IDC/ICI release fund governance overview

October 12, 2017

By Independent Directors Council

The Independent Directors Counsel and Investment Company Institute have published an Overview of Fund Governance Practices that covers 1994 to 2016. The paper is published every other year and its data derived from the IDC/ICI annual Directors Practices Study. “Our survey data demonstrate that boards are serious and proactive in adopting good governance practices to meet their fiduciary obligation to protect shareholders,” Amy Lancellotta, managing director of IDC, said in a release. “Indeed, fund boards frequently go beyond legal requirements in their governance practices or, where there are no legal requirements, set a high standard for fund oversight nonetheless.” Read the release from IDC; read FBV coverage of 2017 Directors Practices Study.