Security - Check Permissions

MFDF - Mutual Fund Directors Forum - The Forum's Annual Directors' Institute

Member Login

Request an account

Sample Banner 2

The Forum's Annual Directors' Institute

SEC Commissioner Troy Paredes will be the keynote speaker at the Forum's acclaimed Directors' Institute in Miami, FL on January 25 through 27, 2011.

The first half day of the 2011 Directors' Institute will focus on oversight of a fund's use of derivatives, an issue that is receiving considerable attention from senior SEC staff. The session will explore how funds commonly use derivatives, the operational and other risks they present, and how directors can appropriately oversee them. The session will be interactive and will focus on practical guidance for directors.

The Directors' Institute will also use the case study method to facilitate consideration of issues directors are facing in boardrooms. Directors work in small groups as boards to identify and analyze the issues presented by the case. The faculty of fund lawyers, consultants and management, who address the issues raised by directors and use their unique perspectives to help directors understand how other parties to the contract renewal process view the important issues. The case study presents issues without clear cut answers to allow participants to leave with new ideas about how to work together and with management to achieve good results for shareholders.  This year, the discussion will encompass issues from the Jones v. Harris decision, exploring the methods for and extent to which directors will need to give more consideration to the fees charged to their advisers' non-fund clients. The case study will also cover additional current issues, including:

  • board oversight of risk;
  • the difficulties of reviewing fund performance in the current market environment;
  • cost cuts by advisers in an environment of lower investment returns and profits; and
  • fund mergers.

The program also will introduce important negotiation concepts in order to help board members better interact with management during contract renewal conversations.

Attendance at the program is limited to fund independent directors and their CCO's.  Space is limited at this program in order to keep the working groups small, and to keep the program intimate, informal, and off the record.  

To learn more about the 2011 Directors' Institute and register, please visit:

Board pricing is available to Forum members. For the price of two registrations ($1,400), all members of the board may attend the program. For more information, or to determine if you are eligible, please contact the Forum at 202.507.4494.