The Investment Company Institute’s Board of Governors has elected ICI Chairman Greg Johnson, president and chief executive officer, Franklin Resources, to serve an additional one-year term.

Johnson was first elected to ICI’s Board in October 2005. The Board is responsible for setting policy and overseeing activities of the Institute, whose members include mutual funds, closed-end funds, exchange-traded funds, and unit investment trusts.

“Mutual funds continue to be one of the most important and accessible investment vehicles for individuals to build wealth and save for retirement,” stated Johnson. “I look forward to continuing to work with ICI’s Board and the membership to respond to the important issues facing our industry and its shareholders.”


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