There are 694,000 retirement plans, and 2.2 million health plans covering over 143 million workers in the US. As fiduciaries, we must remember that they depend on us to act…
Imagine that you are the board chair of a major corporation with operations in multiple countries. You are preparing to meet with the press to announce a new product. Your…
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…
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…
One of the biggest issues facing fiduciaries is cyber-security. How do we anticipate a breach and what can we do to thwart unwanted access? In this post we will address…
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…
Peabody Energy Corporation is facing a class action lawsuit alleging violations of the Employee Retirement Income Security Act (ERISA) by continuing to offer company stock as an investment in several…