Pension Risk Matters : Pension Risk News & Analysis : Investment Governance, Inc. : Pension Risk & Investment

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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Dr. Susan Mangiero joins a panel of senior-level insurance executives and attorneys for a discussion about ERISA best practices. Sponsored by the Risk and Insurance Management Society (RIMS), the April 28 discussion takes place in Boston and addresses financial, legal and operations challenges, along with suggested "must do" items. The program description is provided below or you can read more about "Coping Mechanisms: ERISA Best Practices."

Learn how to best to protect directors and officers in the event of plan-related litigation in this critical era of new litigation theories, legislation and aggressive enforcement. Employee Retirement Income Security Act (ERISA) litigation has spiked in the last year, spurred by plan investment losses, mass layoffs, benefit cutbacks and an invigorated plaintiff’s bar. New types of litigation, such as suits related to qualified default investments in 401(k) plans, are on the upswing. At the same time, leadership at the Department of Labor is spurring new enforcement strategies. Join this panel discussion of methods to avoid litigation and establish a record of procedural prudence, a critically important component in the defense of any ERISA litigation.

Presenters include:

• Ms. Tara Cronin of Chartis Insurance (Coordinator)
• Ms. Charlotte Peedin of Golden Corral Corporation (CPC)
• Ms. Pamela Britt Schneider of Avon Products, Inc. (Speaker)
• Dr. Susan Mangiero of Investment Governance, Inc. (Speaker)
• Ms. Rhonda Prussack of Chartis Insurance (Speaker)
• Attorney Rene Thorne of Jackson Lewis (Speaker).

Investment Governance, Inc. recently interviewed leading fiduciary liability insurance underwriters about their concerns for covered organizations to improve policies and procedures. Email Editors@InvestmentGovernance.com for a copy of the two-part interview series.

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