Division Priorities 2014 - brev.is/GRG8 Apr 16, 2014

Forum Board

Jameson A. Baxter

Jameson A. Baxter

Chair

Jameson A. Baxter is Independent Chair of the Putnam Funds and President of Baxter Associates, Inc. She has had a lengthy career in investment banking, primarily with the First Boston Corporation, where she served in senior positions from 1965-1990. Since 1986, she has served as the President of Baxter Associates, Inc., a private investment firm. In addition to her role with the Putnam Funds, she sits on a number of corporate and not-for-profit boards.

Susan Ferris Wyderko

Susan Ferris Wyderko

President, CEO

Susan Wyderko is the President and CEO of the Mutual Fund Directors Forum. She joined the Forum as Executive Director in the Summer of 2006, coming from the U.S. Securities and Exchange Commission where she had been the Director of the Office of Investor Education and Assistance since 2000. She had earlier held a number of senior jobs within the Commission, and served as the Acting Director of the Division of Investment Management from January to May of 2006. During her tenure with the Commission, Ms. Wyderko also served as the Director of the Office of Legislative Affairs, the Acting Director of the Office of Public Affairs, and Counsel to Chairman Arthur Levitt.

William Chapman

William Chapman

Treasurer

William E. Chapman, II is the Independent Chair of the AMG Funds of Norwalk, CT and Independent Chair of the Aston Funds of Chicago, Il. He is also an Independent Trustee for The Third Avenue Funds of New York City and in Independent Director of The Harding Loevner Funds of Sommerville, NJ. In addition, he serves on the Board of Trustees of his alma mater, Bowdoin College. Before joining the AMG Funds Board in 1999, he spent 33 years in a wide variety of sales, marketing. product development and senior management roles with Kemper Funds, CIGNA and Connecticut General.

Virginia L. Stringer

Virginia L. Stringer

Secretary

Virginia L. Stringer is an independent trustee of the Nuveen Funds. Previously, she served as the Independent Chair of the First American Funds board of directors since 1997, joining that board in 1991. She is the founder and President of Strategic Management Resources, a firm focused on providing executive consulting on corporate governance, strategy and leadership. Previously, she held executive positions with IBM and The Pillsbury Company.

Ashok Bakhru

Ashok Bakhru

Ashok Bakhru serves as Independent Chair of the Board of Goldman Sachs Funds. He also serves as a director of Apollo Investment Corporation. Mr. Bakhru worked for several companies including Scott Paper Company and Coty Inc., serving as CFO and CAO and as head of several business units. He has served as director on a number of profit and non-profit boards.

Carl Frischling

Carl Frischling

Carl Frischling is an independent trustee of the Reich & Tang funds. He is a senior partner and co-head of the Financial Services Group at Kramer, Levin, Naftalis & Frankel in New York City, where he advises mutual funds and their independent trustees. Previously, he was chief administrative officer and general counsel of a large mutual fund complex. In addition, he has served on the board of the Investment Company Institute. Mr. Frischling received the 2007 Fund Directions "Independent Counsel of the Year" award for his service to mutual fund directors.

Joel Motley

Joel Motley

Joel Motley is an independent trustee of the Oppenheimer Funds. After graduating from Harvard Law School and practicing corporate law for five years, he served as an aide to Senator Daniel Patrick Moynihan. He then began his career in investment banking at Lazard Freres & Co. in 1985. Mr. Motley is a Managing Director of Public Capital Advisors LLC, and since 1992, he has been a Managing Director of Carmona Motley Inc., providing financial advice to municipalities around the United States. Mr. Motley also is a member of the Council on Foreign Relations and serves on the board of Human Rights Watch.

Roger Vincent

Roger Vincent

Roger Vincent is an independent trustee and former Chair of the ING Unified Funds Board. He also serves as a director of UGI Corporation. Mr. Vincent retired as president of Springwell Corporation following a lengthy career in investment banking. Mr. Vincent has served as director on a number of public, private and charitable boards.

Wayne W. Whalen

Wayne W. Whalen

Wayne W. Whalen is a director of the Invesco funds. He is of counsel at Skadden, Arps, Slate, Meagher & Flom in Chicago. He has counseled, completed transactions and litigated on behalf of businesses, boards of directors, financial institutions, utilities and governments. Mr. Whalen incorporated the first of Van Kampen Investments Inc.'s mutual funds in 1984.

Fergus Reid

Fergus Reid

Director Emeritus

Fergus Reid is an independent trustee of the Morgan Stanley Fund Group, where he has served in that capacity for more than ten years. Mr. Reid has served as a director of Park Avenue Funds, and the Dreyfus National Bank & Trust Company. Currently he is Chairman and Chief Executive Officer of Lumelite Corporation.

David S. Ruder

David S. Ruder

Chairman Emeritus

David S. Ruder, Chairman of the board of the Mutual Fund Directors Forum emeritus, is the William W. Gurley Memorial Professor of Law Emeritus at Northwestern University School of Law in Chicago. From 1987 to 1989 he served as Chairman of the United States Securities and Exchange Commission. After leaving the Commission, he joined Baker & McKenzie as partner and senior counsel and rejoined the faculty at Northwestern University School of Law, where he had previously served as Dean. Mr. Ruder is a former trustee of the International Accounting Standards Committee Foundation, which oversees the International Accounting Standards Board, and a former member of the Board of Governors of the National Association of Securities Dealers, Inc. He is the founding Chairman of the Securities and Exchange Commission Historical Society.

Allan S. Mostoff

Allan S. Mostoff

Director Emeritus

Allan S. Mostoff was the founding President of the Mutual Fund Directors Forum. He founded the financial services practice at the Dechert law firm in 1976 and is now counsel to that firm. He joined Dechert after serving with the Securities and Exchange Commission, most recently as Director of the Division of Investment Management Regulation and, prior to that, as Associate Director and Assistant Director of the Division of Corporate Regulation. He is a member of The American Law Institute and the Advisory Board of the Investment Lawyer, and has served as a member of the Financial Accounting Standards Advisory Council, the Advisory Board of the Securities Regulation and Law Report and as an adjunct professor of law at Georgetown University School of Law. Mr. Mostoff received the 2007 Fund Directions "Lifetime Achievement Award" for service to mutual fund directors and the mutual fund industry.