The Investment Company Institute has re-elected Merrill Lynch Investment Managers President Terry Glenn to a second consecutive one-year term as chairman of its Board of Governors and also elected 15 new members to the board, it announced today.

The Board of Governors governs the ICI’s membership, which is made up of mutual funds, closed-end funds and UIT’s. It also sets policy for both the ICI and oversees the activities of the national association of the American investment company industry.

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