IDC Webinar: Superstorm Sandy - Emergency Planning and Lessons Learned

On February 7, 2013, IDC hosted a webinar on Superstorm Sandy. Participants had the opportunity to discuss emergency planning, focusing on core items that should be considered by independent directors and included in a fund’s policies and procedures. The panel covered other associated issues, such as valuation and communications with the fund’s adviser and service providers, which were brought to the forefront during and following Superstorm Sandy.

Materials

• Recording
• Slides (pdf)

Highlights

The webinar covered these topics:

• Lessons learned from the storm regarding the scope, implementation, and testing of funds’ emergency planning/business continuity policies and procedures
• Handling valuation issues during an emergency event
• Communications between the fund’s board, adviser, and other service providers
• Issues raised by market closings

Panelists included:

AMY LANCELLOTTA, Moderator
Managing Director
Independent Directors Council

DIANE AMBLER
Partner
K&L Gates LLC

JOE CARRIER
Chief Risk Officer
Legg Mason, Inc.

PETER SALMON
Senior Director, Operations and Technology
Investment Company Institute

TRACY SHELBY
Managing Director, U.S. Mutual Fund Transfer Agency Services
Boston Financial Data Services, Inc.

This webinar was closed to the media.