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Board completes semiannual fiduciary governance training; counsel highlights duties and risks
San Francisco Retirement Board · March 12, 2025
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Summary
Legal counsel delivered semiannual fiduciary governance training covering duty of loyalty, duty of care, conflicts disclosure, meeting preparation, and institutional risks from governance breakdowns; staff and trustees discussed agenda timing and travel policies.
Counsel (Ashley Dunning and Cecilia) delivered the board’s twice‑annual fiduciary governance training, outlining core fiduciary duties — duty of loyalty, duty of care, diversification and the duty to administer the plan according to plan terms and law — and practical governance…
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