Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2006-11-15 | W. Allen Reed (59)... Nominee/Trustee/Director... Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006)... Member of the Audit Committee... Member of the Investment Committee... Total Compensation from the Fund: 103 (ICB), None (OIA)... Ms. Dennis and Messrs. Bowman, Klein and Reed did not serve as Trustees/Directors of the Funds until August 1, 2006 and therefore did not receive any compensation from OIA for the Fund's last fiscal year nor did they receive any compensation payable to the Fund's Trustees/Directors by the Fund Complex for the calendar year ended December 31, 2005. |
| 2007-11-05 | W. Allen Reed (60) ... Nominee/Trustee/Director ... Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) ... Member of the Audit Committee ... Member of the Investment Committee ... Compensation: ICB $204, OIA $205, Fund Complex $78,750. |
| 2008-10-30 | W. Allen Reed (61) ... Nominee/Trustee/Director ... Member of the Audit Committee, Investment Committee and Chairperson of the Equity Sub-Committee ... Total Compensation from the Fund Complex $200,000. |
| 2009-11-04 | W. Allen Reed (62) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/ Trustee/ Director Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). The members of the Audit Committee of each Fund are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Funds' Audit Committee is an "interested person," as defined under the 1940 Act, of any of the Funds (with such disinterested Trustees/Directors being "Independent Trustees/Directors" or individually, "Independent Trustee/Director"). Each Independent Trustee/Director is also "independent" from each Fund under the listing standards of the New York Stock Exchange, Inc. ("NYSE"). The Chairperson of the Audit Committee of each of the Funds is Joseph J. Kearns. The Investment Committee oversees the portfolio investment process for and reviews the performance of each Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Chairperson of the Investment Committee is Manuel H. Johnson. The Chairperson of the Boards receives an additional annual retainer fee of $60,000. Other Committee Chairpersons receive an additional annual retainer fee of $30,000 and the Investment Sub-Committee Chairpersons receive an additional annual retainer fee of $15,000. The aggregate compensation paid to each Trustee/Director is paid by the Retail Funds and the Institutional Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Retail Funds and the Institutional Funds based on the relative net assets of each of the funds/portfolios. W. Allen Reed receives $215,000. |
| Filing Date | Source Excerpt |
|---|---|
| 2006-09-13 | W. Allen Reed (60)c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Trustees1177 Avenue of the AmericasNew York, NY 10036 Nominee President and CEO of General Motors Asset Management, Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994 to December 2005). |
| 2007-09-11 | W. Allen Reed (60) ... Nominee/Trustee ... Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) ... Director or Trustee (since August 2006) of various Retail Funds and Institutional Funds ... The members of the Audit Committee of each Trust are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed ... The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns ... The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, Fergus Reid and W. Allen Reed ... The Investment Committee has three Sub-Committees ... Equity – W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent ... W. Allen Reed total compensation from Fund Complex is $78,750. |
| 2008-08-29 | W. Allen Reed (61) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Trustee Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994 to December 2005). Director of Temple-Inland Industries (packaging and forest products); Director of Legg Mason, Inc. and Director of the Auburn University Foundation. The Board of Trustees of each Trust has a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. Each Audit Committee is charged with recommending to the full Board the engagement or discharge of the Trusts’ independent registered public accounting firm; directing investigations into matters within the scope of the independent registered public accounting firms’ duties, including the power to retain outside specialists; reviewing with the independent registered public accounting firm the audit plan and results of the auditing engagement; approving professional services provided by the independent registered public accounting firm and other accounting firms prior to the performance of such services; reviewing the independence of the independent registered public accounting firm; considering the range of audit and non-audit fees; reviewing the adequacy of each Trust’s system of internal controls; and preparing and submitting committee meeting minutes to the full Board. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. |
| 2009-09-14 | W. Allen Reed (62) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/ Trustee Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). The Board of Trustees of each Trust also has a Governance Committee. The members of the Governance Committee of each Trust are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Trustee. The Chairperson of the Governance Committee is Fergus Reid. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and money market/alternatives. The Sub-Committees and their members are as follows: (1) Equity – W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. |
| Filing Date | Source Excerpt |
|---|---|
| 2006-09-13 | W. Allen Reed (60) ... Nominee ... President and CEO of General Motors Asset Management ... Director of GMAC, GMAC Insurance Holdings, iShares, Inc., and Temple-Inland Industries. |
| 2007-09-11 | W. Allen Reed (60) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/Trustee Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee (since August 2006) of various Retail Funds and Institutional Funds; formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994 to December 2005). The members of the Audit Committee of each Trust are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Trusts’ Audit Committees is an “interested person,” as defined under the 1940 Act, of any of the Trusts (with such disinterested Trustees being “Independent Trustees” or individually, “Independent Trustee”). Each Independent Trustee is also “independent” from each Trust under the listing standards of the New York Stock Exchange, Inc. (NYSE). The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Board of Trustees for each Trust has adopted a formal written charter for the Audit Committee which sets forth the Audit Committee’s responsiblities. A copy of the Audit Committee Charter is attached to this Joint Proxy Statement as Appendix 1. The Investment Committee oversees the portfolio investment process for and reviews the performance of each Trust. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, Fergus Reid and W. Allen Reed. The Chairperson of the Investment Committee is Manuel H. Johnson. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity – W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. (2) Fixed-Income – Michael F. Klein (Chairperson), Michael Bozic and Fergus Reid. (3) Money Market and Alternatives – Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. The Investment Committee and the Sub-Committees of the Investment Committee were formed in October 2006. The following table shows aggregate compensation payable to each of the Trustees from each Trust for the fiscal year ended October 31, 2006 and the aggregate compensation payable to each of the Trust’s Trustees by the Fund Complex (which includes all of the Retail and Institutional Funds) for the calendar year ended December 31, 2006. W. Allen Reed received $78,750 from the Fund Complex. |
| 2008-08-29 | W. Allen Reed (61) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Trustee Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994 to December 2005). Director of Temple-Inland Industries (packaging and forest products); Director of Legg Mason, Inc. and Director of the Auburn University Foundation. The Board of Trustees of each Trust has a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. Each Audit Committee is charged with recommending to the full Board the engagement or discharge of the Trusts’ independent registered public accounting firm; directing investigations into matters within the scope of the independent registered public accounting firms’ duties, including the power to retain outside specialists; reviewing with the independent registered public accounting firm the audit plan and results of the auditing engagement; approving professional services provided by the independent registered public accounting firm and other accounting firms prior to the performance of such services; reviewing the independence of the independent registered public accounting firm; considering the range of audit and non-audit fees; reviewing the adequacy of each Trust’s system of internal controls; and preparing and submitting committee meeting minutes to the full Board. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Trusts’ Audit Committees is an “interested person,” as defined under the 1940 Act, of any of the Trusts (with such disinterested Trustees being “Independent Trustees” or individually, “Independent Trustee”). Each Independent Trustee is also “independent” from each Trust under the listing standards of the New York Stock Exchange, Inc. (“NYSE”). The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Board of Trustees for each Trust has adopted a formal written charter for the Audit Committee which sets forth the Audit Committee’s responsibilities. A copy of the Audit Committee Charter is attached to the 2007 Joint Proxy Statement for the Trusts filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2007. Effective October 1, 2007, each Trustee (except for the Chairperson of the Boards) receives an annual retainer fee of $200,000 for serving the Retail Funds and the Institutional Funds. Prior to October 1, 2007, each Trustee (except for the Chairperson of the Boards) received an annual retainer fee of $180,000 for serving the Retail Funds and the Institutional Funds. W. Allen Reed total annual compensation from the Fund Complex is $200,000. |
| 2009-09-14 | W. Allen Reed (62) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/ Trustee Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). The Board of Trustees of each Trust also has a Governance Committee. The members of the Governance Committee of each Trust are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Trustee. The Chairperson of the Governance Committee is Fergus Reid. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and money market/alternatives. The Sub-Committees and their members are as follows: (1) Equity – W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. The aggregate compensation paid to each Trustee is paid by the Retail Funds and the Institutional Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Retail Funds and the Institutional Funds based on the relative net assets of each of the funds/portfolios. W. Allen Reed receives a total annual retainer fee of $215,000. |
| Filing Date | Source Excerpt |
|---|---|
| 2006-05-18 | W. Allen Reed† (60)c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Nominee for Director of each of the Funds (except IIF) N/A President and CEO of General Motors Asset Management, Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994 to December 2005). |
| 2007-05-11 | W. Allen Reed† (60) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class II Director of each of the Funds (except IIF) Since 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994 – December 2005). |
| 2008-05-13 | W. Allen Reed† (61) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class II Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) |
| 2009-05-07 | W. Allen Reed (62)c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Directors1177 Avenue of the AmericasNew York, NY 10036 Class II Director of each of the Funds (except IIF) Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity 6 W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. (2) Fixed Income 6 Michael F. Klein (Chairperson), Michael Bozic and Fergus Reid. (3) Money Market and Alternatives 6 Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. |
| 2010-05-19 | W. Allen Reed (62)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class II Director of each of the Funds (except IIF and ICB); Class III Director of ICB Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The Chairperson of the Equity Sub-Committee of the Investment Committee is W. Allen Reed. For each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $200,000 for serving the Retail Funds and the Institutional Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $75,000 and the Investment Committee Chairperson receives an additional annual retainer fee of $60,000. Other Committee Chairpersons receive an additional annual retainer fee of $30,000 and the Sub-Committee Chairpersons receive an additional annual retainer fee of $15,000. |
| 2011-05-20 | W. Allen Reed (64)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Director of each of the Funds (except IIF) Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Compensation: $215,000 annual retainer fee. |
| 2013-05-10 | W. Allen Reed† (66)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity 6 W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. The Board of each Fund (other than IIF) formed the Closed-End Fund Committee to consider a range of issues unique to closed-end funds. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid, each of whom is an Independent Director. The Chairperson of the Closed-End Fund Committee is Michael E. Nugent. |
| 2014-05-05 | W. Allen Reed (67)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Compensation: $281,750 |
| 2015-05-08 | W. Allen Reed† (68)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, Nancy C. Everett, Jakki L. Haussler, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity 6) W. Allen Reed (Chairperson), Frank L. Bowman, Nancy C. Everett and Michael E. Nugent. Effective January 1, 2015, for each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $240,000 ($230,000 prior to January 1, 2015) for serving as a Director of the Morgan Stanley Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $78,750 and the Investment Committee Chairperson receives an additional annual retainer fee of $63,000. Other Committee and Sub-Committee Chairpersons (except for the Chairperson of the Closed-End Fund Committee) receive an additional annual retainer fee of $31,500. The aggregate compensation paid to each Director is paid by the Morgan Stanley Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Morgan Stanley Funds based on the relative net assets of each of the funds/portfolios. Michael E. Nugent receives a total annual retainer fee of $480,000 ($460,000 prior to January 1, 2015) for his services as Chairperson of the Boards of the Morgan Stanley Funds (except IIF) and for administrative services provided to each Board. IIF pays each of its Directors an annual fee of $32,000 and the Audit Committee Chairperson is paid an additional annual fee of $5,000. The non-Mauritian Independent Directors of IIF receive a fee of $15,000 for each meeting such Director attends in Mauritius. Each Fund also reimburses Directors for travel and other out-of-pocket expenses incurred by them in connection with attending meetings of the Board. Directors of each Fund who are employed by the Adviser receive no compensation or expense reimbursement from the Funds for their services as Director. |
| 2016-05-09 | W. Allen Reed† (69)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). The members of the Audit Committee of each Fund other than IIF are currently Jakki L. Haussler, Joseph J. Kearns, Michael F. Klein and W. Allen Reed. The members of the Investment Committee are Frank L. Bowman, Kathleen A. Dennis, Nancy C. Everett, Jakki L. Haussler, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Equity Sub-Committee members include W. Allen Reed (Chairperson), Frank L. Bowman, Nancy C. Everett and Michael E. Nugent. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid, each of whom is an Independent Director. Effective January 1, 2016, for each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $250,000 ($240,000 prior to January 1, 2016) for serving as a Director of the Morgan Stanley Funds. Aggregate compensation paid to each Director is paid by the Morgan Stanley Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Morgan Stanley Funds based on the relative net assets of each of the funds/portfolios. W. Allen Reed total compensation from Funds and Fund Complex is $271,500. |
| 2017-05-12 | W. Allen Reed† (70)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10012 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); The Equity Sub-Committee consists of W. Allen Reed (Chairperson), Frank L. Bowman, Nancy C. Everett and Michael E. Nugent. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid. Aggregate compensation paid to W. Allen Reed for the calendar year ended December 31, 2016 was $285,000. |
| 2018-05-09 | W. Allen Reed† (71)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); Compensation: $300,000. |
| 2019-05-09 | W. Allen Reed (71)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds (except IIF) Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Director of Legg Mason, Inc.; formerly, Director of the Auburn University Foundation (2010-2015). Total Compensation from Funds and Fund Complex Paid to Directors: $310,000. |
| 2020-05-08 | W. Allen Reed c/o Perkins Coie LLPCounsel to the Independent Directors1155 Aveune of the Americas22nd FloorNew York, NY 10036Birth Year: 1947 Director of each of the Funds (except IIF) and Vice Chair of the Boards of each of the Funds (except IIF) Vice Chair of the Boards since January 2020 and Director since August 2006 Vice Chair of the Boards of various Morgan Stanley Funds (since January 2020); Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and Chief Executive Officer of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Compensation: $320,000 annual retainer fee. |
| 2021-05-07 | W. Allen Reed† c/o Perkins Coie LLPCounsel to the Independent Directors1155 Aveune of the Americas22nd FloorNew York, NY 10036Birth Year: 1947 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since August 2020 and Director since August 2006 Chair of the Boards of various Morgan Stanley Funds (since August 2020); Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Vice Chair of the Boards of various Morgan Stanley Funds (January 2020-August 2020); President and Chief Executive Officer of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Compensation: $448,831 annual retainer fee. |
| 2022-05-06 | W. Allen Reed c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036 Birth Year: 1947 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since August 2020 and Director since August 2006 Chair of the Boards of various Morgan Stanley Funds (since August 2020); Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Vice Chair of the Boards of various Morgan Stanley Funds (January 2020-August 2020); President and Chief Executive Officer of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Compensation: $590,000 |
| 2023-05-05 | W. Allen Reed... Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF)... Chair of the Boards since August 2020... The Governance Committee members include W. Allen Reed... The Risk Committee members include W. Allen Reed... The Chair of the Boards receives a total annual retainer fee of $630,000 ($590,000 prior to January 1, 2023)... $590,000 total compensation from Funds and Fund Complex. |
| 2024-05-06 | W. Allen Reed† c/o Morgan, Lewis and Bockius LLPCounsel to the Independent DirectorsOne State Street Hartford, CT 06103Birth Year: 1947 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since August 2020 and Director since August 2006 Chair of the Boards of various Morgan Stanley Funds (since August 2020); Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Vice Chair of the Boards of various Morgan Stanley Funds (January 2020-August 2020); President and Chief Executive Officer of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). 87 Formerly, Director of Legg Mason, Inc. (2006-2019); and Director of the Auburn University Foundation (2010-2015). The Chair of the Boards receives a total annual retainer fee of $630,000 for his services and for administrative services provided to each Board. W. Allen Reed compensation: $630,000. |
| Filing Date | Source Excerpt |
|---|---|
| 2006-05-18 | W. Allen Reed† (60) c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Directors 1177 Avenue of the AmericasNew York, NY 10036 Nominee for Director of each of the Funds (except IIF) N/A President and CEO of General Motors Asset Management, Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994 to December 2005). Total Compensation from Funds and Fund Complex Paid to Directors: $0. |
| 2007-05-11 | W. Allen Reed† (60) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class II Director of each of the Funds (except IIF) Since 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994 – December 2005). |
| 2008-05-13 | W. Allen Reed† (61) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class II Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) |
| 2009-05-07 | W. Allen Reed (62)c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Directors1177 Avenue of the AmericasNew York, NY 10036 Class II Director of each of the Funds (except IIF) Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Compensation: $200,000 annual retainer fee plus additional fees for committee chairmanships. |
| 2010-05-19 | W. Allen Reed (62)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class II Director of each of the Funds (except IIF and ICB); Class III Director of ICB Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity 6 W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. |
| 2011-05-20 | W. Allen Reed (64)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Director of Temple-Inland Industries (packaging and forest products), Director of Legg Mason, Inc. and Director of the Auburn University Foundation; formerly, Director of iShares, Inc. (2001-2006). For each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $210,000 for serving the Retail Funds and the Institutional Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $78,750 and the Investment Committee Chairperson receives an additional annual retainer fee of $63,000. Other Committee Chairpersons receive an additional annual retainer fee of $31,500 and the Sub-Committee Chairpersons receive an additional annual retainer fee of $15,750. The aggregate compensation paid to each Director is paid by the Retail Funds and the Institutional Funds. Michael E. Nugent receives a total annual retainer fee of $420,000 for his services as Chairperson of the Boards of the Retail Funds and the Institutional Funds and for administrative services provided to each Board. The following table shows the aggregate compensation payable to each of the Funds' Directors as of each Funds' fiscal year end, as well as the total compensation payable to each Director for the calendar year ended December 31, 2010. W. Allen Reed total compensation from Funds and Fund Complex paid to Directors: $215,000. |
| 2012-06-19 | W. Allen Reed† (65)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). 102 Director of Temple-Inland Industries (packaging and forest products), Director of Legg Mason, Inc. and Director of the Auburn University Foundation. |
| 2013-05-10 | W. Allen Reed† (66)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. The Sub-Committees and their members are as follows: (1) Equity 6 W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. The Board of each Fund (other than IIF) formed the Closed-End Fund Committee to consider a range of issues unique to closed-end funds. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid, each of whom is an Independent Director. |
| 2014-05-05 | W. Allen Reed (67)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Director of Temple-Inland Industries (packaging and forest products), Director of Legg Mason, Inc. and Director of the Auburn University Foundation. |
| 2015-05-08 | W. Allen Reed† (68)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The Investment Committee also recommends to the Board to approve or renew the Fund's Investment Advisory and Administration Agreements. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, Nancy C. Everett, Jakki L. Haussler, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity — W. Allen Reed (Chairperson), Frank L. Bowman, Nancy C. Everett and Michael E. Nugent. |
| 2016-05-09 | W. Allen Reed† (69)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of the AmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). The members of the Audit Committee of each Fund other than IIF are currently Jakki L. Haussler, Joseph J. Kearns, Michael F. Klein and W. Allen Reed. Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The Investment Committee also recommends to the Board to approve or renew the Fund's Investment Advisory and Administration Agreements. The members of the Investment Committee are Frank L. Bowman, Kathleen A. Dennis, Nancy C. Everett, Jakki L. Haussler, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity 6 W. Allen Reed (Chairperson), Frank L. Bowman, Nancy C. Everett and Michael E. Nugent. |
| 2017-05-12 | W. Allen Reed† (70)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10012 Director of each of the Funds (except IIF) Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) Effective January 1, 2017, for each Fund (other than IIF), each Director (except for the Chair of the Boards) receives an annual retainer fee of $260,000...The Sub-Committee Chairpersons each receive an additional annual retainer fee of $40,000...Mr. Reed total compensation $285,000. |
| 2018-05-09 | W. Allen Reed† (71)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006); Compensation: $300,000 |
| 2019-05-09 | W. Allen Reed (71)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds (except IIF) Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, President and CEO of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Director of Legg Mason, Inc.; formerly, Director of the Auburn University Foundation (2010-2015). Total Compensation from Funds and Fund Complex Paid to Directors: $310,000. |
| 2020-05-08 | W. Allen Reed c/o Perkins Coie LLPCounsel to the Independent Directors1155 Aveune of the Americas22nd FloorNew York, NY 10036Birth Year: 1947 Director of each of the Funds (except IIF) and Vice Chair of the Boards of each of the Funds (except IIF) Vice Chair of the Boards since January 2020 and Director since August 2006 Chairperson of the Equity Sub-Committee of the Investment Committee (since October 2006); Compensation: $320,000 annual retainer fee. |
| 2021-05-07 | W. Allen Reed† c/o Perkins Coie LLPCounsel to the Independent Directors1155 Aveune of the Americas22nd FloorNew York, NY 10036Birth Year: 1947 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since August 2020 and Director since August 2006 Chair of the Boards of various Morgan Stanley Funds (since August 2020); Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Vice Chair of the Boards of various Morgan Stanley Funds (January 2020-August 2020); President and Chief Executive Officer of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Compensation: $448,831 |
| 2022-05-06 | W. Allen Reed c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1947 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since August 2020 and Director since August 2006 Chair of the Boards of various Morgan Stanley Funds (since August 2020); Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Vice Chair of the Boards of various Morgan Stanley Funds (January 2020-August 2020); President and Chief Executive Officer of General Motors Asset Management; Chairman and Chief Executive Officer of the GM Trust Bank and Corporate Vice President of General Motors Corporation (August 1994-December 2005). Compensation: $590,000. |
| 2023-05-05 | W. Allen Reed c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1947 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since August 2020 and Director since August 2006 Chair of the Boards of various Morgan Stanley Funds (since August 2020); The Chair of the Boards receives a total annual retainer fee of $630,000 ($590,000 prior to January 1, 2023) for his services and for administrative services provided to each Board. Aggregate compensation paid to each Director is paid by the Morgan Stanley Funds. |
| 2024-05-06 | W. Allen Reed... Director of each of the Funds (except IIF) and Chair of the Boards... 87... Total Compensation from Funds and FundComplex Paid to Directors: $630,000. |
Data sourced from SEC filings. Last updated: 2026-02-03