The carefully determined moment to sell is as important a part of a director's fiduciary responsibility
to shareholders as monitoring current results.
When a fiduciary responsibility
is found to exist, the fiduciary owes the client duties of good faith, loyalty, due care, honesty and communication.
Fi360 promotes a culture of fiduciary responsibility
and improves the decision making processes of investment fiduciaries--individuals who manage money for others--through Training, Tools and Resources based on the defined Practices for investment fiduciaries.
Statutes, case law and regulatory opinion letters dealing with investment fiduciary responsibility
reinforce this concept.
We believe our partnership with the Council on Foundations provides a great educational opportunity to enhance the knowledge of individuals in positions of fiduciary responsibility
that will reassure the donating public that their best interests are being served.
The board recognizes their primary fiduciary responsibility
is to the shareholders,'' Rex said.
Most important, choosing a consultant doesn't automatically relieve the company of its fiduciary responsibility
for selecting the investment manager or other vendors.
Atkins has ongoing accountability for maintaining the integrity of personal trust relationships and high standards of fiduciary responsibility
In addition, it disregarded the fiduciary responsibility
of any successor trustee and local law regulation of trusts.
The DOL'S newly proposed regulations offer relief from fiduciary responsibility
to sponsors of savings and pension plans that provide participant-directed investments.
I believe it's important that there be high standards of fiduciary responsibility
and accountability with non profit endowments, and that funded gifts be used as intended.
The sidebar about fiduciary responsibility
seems narrowly focused on advisers to nonprofits.