The Oxford English Dictionary (OED) defines the origin of “fiduciary” as “Late 16th century (in the sense ‘something inspiring trust; credentials’): from Latin fiduciarius, from fiducia trust, from fidere to…
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Last year I was introduced to a member of the Investment Committee of one of the largest foundations in the mid-Atlantic area. With over $400 million in assets, the foundation’s…
It might seem odd that there is a similarity between the speech by Henry V at the Battle of Agincourt and proper fiduciary governance. The 24th of October, 2016, is…
A company’s long-term survival depends on paying attention to both financial and social metrics. As fiduciaries, we need to keep in mind the importance of demonstrating not only WHAT we…
Working in a global environment with cross-border financial, political and social issues, the benefits of conforming to the ISO-based Global Fiduciary Standard of Excellence are clear. NGOs are dependent on…
Stewards, as fiduciaries, are rightly concerned about the investment performance of their portfolios. Until recently however, few fiduciaries have considered the return on fiduciary governance as an equally important measure….
In the article, “ERISA LITIGATION DEFENDANTS TAKE NOTE: BURDENS OF PROOF ARE BECOMING MORE WEIGHTY,” by Seyfarth ShawLLP, the authors make the point that trustees and fund sponsors need to be able to…
The decision by the US Supreme Court in the Tibble v Edison Case this past spring further highlights the complexity of having to deal with a broad range of fiduciary…
1. Lack of a proper investment policy statement: The Investment Policy Statement, or “IPS” is like the architect’s plans for the building of the house. Before engaging a subcontractor to…