Fiduciary Liability Insurance and New Challenges for Pensions, Endowments and Foundations

Posted on July 12, 2010 by Susan Mangiero

Click here to join Investment Governance, Inc. for a timely discussion about the challenges of being a functional or de facto fiduciary for a pension plan, endowment or foundation. Learn how insurance, legal and governance experts are scrutinizing investment decision-makers and their service providers to understand if proper due diligence is being conducted. Good process can result in lower premiums and help to mitigate litigation, regulatory enforcement and reputation risk. Bad process is a recipe for disaster. Mr. Gerry Czarnecki, governance expert and member of the board of directors of State Farm Fire & Casualty, will be joined by Attorney John Horak, founder of the Nonprofit Organizations Practice Group for Reid and Riege, P.C., and Ms. Rhonda Prussack, EVP and Product Manager of Fiduciary Liability for AIG Executive Liability. Dr. Susan Mangiero, CEO of Investment Governance, Inc. will moderate this expert panel in a lively and timely discussion about:

1. Role of board members with respect to investment best practices
2. Managing the cost of liability insurance
3. Vetting service providers with respect to their internal controls
4. How to contain liability and D&O insurance premiums
5. Lessons learned from the 2008-2010 financial crisis.

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