In almost all breach of fiduciary cases, the plan trustees fail to follow a prudent process. The US Department of Labor, in their Field Assistance Bulletin 2015-02, outlined six basic…
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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…
An accounting audit of a leading non-profit in Canada with revenues in excess of $100 million recently uncovered a scheme by which a group of employees achieved a significant and…
The Hillcrest Children’s Center was founded in 1812 as a resource for the orphans of the War of 1812. Over the next 192 years, Hillcrest its operations and funding resources…
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…