About the Independent Directors Council 

The Independent Directors Council serves the mutual fund independent director community and provides a venue to advance the education, communication, and policy positions of mutual fund independent directors. The IDC's Governing Council consists of 21 independent directors. The Council extends to all directors an invitation to participate in the programs and activities offered by the Independent Directors Council.

The increased focus in recent years on corporate governance has done much to highlight the role investment company directors play in the financial services industry. The Independent Directors Council promotes the highest standards of fund governance. As part of this effort, the Independent Directors Council keeps investment company directors informed about issues that affect their ability to perform capably their duties under federal and state law while adapting to the rapidly changing financial services landscape. Through its various committees, the Council develops policy positions, educates directors and promotes communication among the independent director community. In addition, the Council seeks to develop a better understanding of the role of independent directors in media and legislative and regulatory circles.

The Independent Directors Council, which was formally launched in May 2004, is an expansion of the Directors Program, which was formed by the Investment Company Institute in 1995. The Independent Directors Council’s programs, activities and policy development are independent of the Institute and are supported by dedicated staff and resources. Nevertheless, the Independent Directors Council is able to access a wide array of research, data, and other resources available at the Institute.