Back by popular demand, a panel of esteemed speakers will present on January 27, 2016 about the fiduciary risks and litigation trends faced by ERISA investment committee members. Sponsored by Strafford Publications, Inc. and eligible for Continuing Legal Education ("CLE") credits, the program is entitled "ERISA Plan Investment Committee Governance: Avoiding Breach of Fiduciary Duty Claims."
Faculty speakers include:
- Dr. Susan Mangiero - Managing Director with Fiduciary Leadership, LLC;
- Ms. Rhonda Prussack - Vice President and Fiduciary Liability Product Manager with Berkshire Hathaway Specialty Insurance; and
- Richard Siegel, Esquire - ERISA attorney with Alston & Bird.
The panel will review key issues such as those listed below:
- What are the ERISA regulations with which investment committees must comply?
- How should plan sponsors vet fiduciary risks when selecting an investment committee?
- What litigation techniques can be implemented to minimize the likelihood of a finding of breach of fiduciary duty by an investment committee?
- What is the role of the economic expert in assessing investment committee performance and investment monitoring, post-Tibble?
- What is the role of ERISA fiduciary liability insurance?
Inasmuch as many ERISA lawsuits cite the entire investment committee as defendants, there is a need for each member to understand her personal and professional liability as well as the risks that arise if other members are ill-prepared, are conflicted and/or lack sufficient knowledge and experience. In other words, a best practice is for the entire committee to recognize the seriousness of fiduciary obligations and behave accordingly.