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Board receives fiduciary governance refresher; counsel stresses attendance, conflict disclosure
Summary
Counsel gave a semiannual fiduciary governance training emphasizing duties of loyalty and care, the importance of reviewing materials and disclosing conflicts, and risks that follow from poor attendance or undisclosed conflicts.
The retirement board received a semiannual fiduciary governance training from counsel, who reviewed core fiduciary duties and urged trustees to maintain strong attendance, timely disclosure of conflicts and careful use of trust resources.
Ashley Dunning and counsel Cecilia (presenting) organized the session around traditional fiduciary principles — duty of loyalty, duty of care, diversification,…
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