Strafford

ERISA Plan Investment Committee Governance: Avoiding Breach of Fiduciary Duty Claims

Evaluating Fiduciary Risks and Litigating Alleged Breaches by Investment Committee Members

Recording of a 90-minute CLE webinar with Q&A


Conducted on Wednesday, January 27, 2016
Recorded event now available


This CLE webinar will provide ERISA counsel, in-house corporate counsel and plan sponsor decision-makers with the tools to structure and implement appropriate investment committee procedures. Our multi-disciplinary panel will provide best practices for selecting and training investment committees, techniques for vetting fiduciary risks and litigation strategies.

Description

One of the best techniques a plan sponsor can implement to minimize fiduciary risk is the installation of an effective investment committee. Sponsors must take care in establishing protocols to ensure that the committees operate within strict ERISA standards and robust fiduciary practices.

Attendees will benefit from a discussion of risk mitigation techniques to minimize the likelihood of breach of fiduciary duty allegations. This program will also address effective litigation strategies and the role of the economic expert should litigation occur.

Listen as our authoritative panel discusses the importance of appropriate and effective investment committee governance. Panelists will review best practices with respect to training and selection of committee members, the relationship between investment committee governance and ERISA fiduciary liability insurance coverage, and litigation techniques, as applicable.

Outline

  1. Importance of investment committee governance
  2. Investment committee best practices
  3. Vetting investment fiduciary committee risks
    1. Selecting investment committee members
    2. Conflicts of interest
    3. Training
  4. Litigating alleged breach of fiduciary duty claims

Benefits

The panel will review these and other key issues:

  • 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?

Faculty

Dr. Susan Mangiero, Managing Director
Fiduciary Leadership, Trumbull, Conn.

Dr. Mangiero a CFA® charterholder, certified Financial Risk Manager, Accredited Investment Fiduciary Analyst®, Certified Fraud Examiner and Professional Plan Consultant™. She has provided testimony and behind-the-scenes forensic analysis, calculation of damages and rebuttal report commentary for various investment governance, investment performance, fiduciary breach, prudence, risk and valuation matters. Dr. Mangiero has over 20 years of experience in capital markets, global treasury, asset-liability management, portfolio management, economic and investment analysis, derivatives, financial risk control and valuation. She is a frequent keynote speaker and has led workshops for numerous organizations.

Rhonda Prussack, Head of Fiduciary and Employment Practices Liability
Berkshire Hathaway Specialty Insurance, New York

Ms. Prussack is Head of Fiduciary and Employment Practices Liability at BHSI. She has 25 years of insurance industry experience, and has developed and brought to market state-of-the-art fiduciary liability policy forms and innovative coverages for corporations, organized labor, municipalities, and nonprofits.  Ms. Prussack has written articles for and been quoted in many publications, and is a frequent speaker at ERISA and executive liability seminars around the U.S. and Canada.

Richard Siegel, Esq.
Alston & Bird, Washington, D.C.

Mr. Siegel’s practice focuses on various employment, employee benefits and ERISA litigation matters. His ERISA and employee benefits litigation experience includes counseling and representing plan sponsors and fiduciaries in litigation on the numerous duties imposed upon fiduciaries in the administration of plans and investment of plan assets, including the prudent selection and oversight of investment professionals, prohibited transaction issues, and interpretation of plan documents.


Recordings

CLE On-Demand - Streaming Video

Includes recorded streaming video of full program plus PDF handouts.

On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.

AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.

CLE On-Demand Video $297.00

How does this work?


Recorded Event

Includes full event recording plus handouts.

Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

Strafford will process CLE credit for one person on each recording.

Additional copies of a recording can be purchased at a discount. Please call Strafford Customer Service toll-free at 1-800-926-7926 ext 10 or email customerservice@straffordpub.com to place your order.

Recorded Webinar Download $297.00

How does this work?

Recorded Audio Download (MP3) $297.00

How does this work?

DVD (Slide Presentation with Audio) $297.00 plus $9.45 S&H

How does this work?


Webinar

Strafford webinars offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program).  Please note that our webinars do not feature videos of the presenters.

Program Materials

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Program Materials

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CLE Credits

Many states grant CLE credits for on-demand streaming audio programs and recorded events. Our programs are pre-approved in many states. Refer to our state CLE map for state-specific information.

Customer Reviews

I appreciated the knowledge of the speakers and their ability to talk about real situations.

Nancy Rodgers

Kissinger & Fellman

It was clear that each speaker had an enormous amount of knowledge about the subject matter.

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BuckleySandler

I liked the combined depth of information and speed of presentation. Well done!

Andre Dalbec

SAANYS

The CLE covered exactly what was advertised and it was geared to a person with my practice background and level of expertise.

Aliza Organick

Washburn University School of Law

I liked that the webinar gave me the ability to sit at my desk and that the speakers provided personal experiences on the topic.

Katy Dobrowitsky

Miller Canfield

Employment & ERISA Advisory Board

Susan E. Bernstein

Special Counsel

Schulte Roth & Zabel

Judith (Jude) Biggs

Partner

Holland & Hart

Joshua Davis

Director

Goulston & Storrs

Barbara E. Hoey

Partner

Kelley Drye

Jeffrey Hollingsworth

Partner

Perkins Coie

Diana L. Hoover

Partner

Hoover Kernell

Paul J. Kennedy

Shareholder

Littler Mendelson

Marcia Nelson Jackson

Partner

Wick Phillips

William C. Martucci

Partner

Shook Hardy & Bacon

Nancy Morrison O'Connor

Partner

Bracewell & Giuliani

Laura Foote Reiff

Shareholder

Greenberg Traurig

Eugene Scalia

Partner

Gibson Dunn & Crutcher

Peter Steinmeyer

Member

Epstein Becker & Green

Teresa R. Tracy

Partner

Freeman Freeman Smiley

Todd D. Wozniak

Shareholder

Greenberg Traurig

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