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

Evaluating Fiduciary Risks and Avoiding Claims of Breaches by Investment Committee Members

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


Conducted on Wednesday, June 10, 2020

Recorded event now available

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Program Materials

This CLE webinar will provide ERISA counsel, in-house corporate counsel, and plan sponsor decisionmakers with the tools to structure and implement appropriate investment committee policies and procedures. Our multi-disciplinary panel will provide best practices for selecting and training investment committees.

Description

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

Attendees will benefit from a discussion of risk mitigation approaches that have the potential to help avoid breach of fiduciary duty allegations. This program will also address effective litigation-avoidance strategies and the importance of fiduciary liability insurance coverage.

Listen as our authoritative panel discusses the importance of appropriate and effective investment committee governance. Our panel will review some of the best practices for training and selection of committee members, litigation avoidance, the relationship between investment committee governance and ERISA fiduciary liability insurance coverage.

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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. ERISA fiduciary liability insurance
  5. Avoiding breach of fiduciary duty claims

Benefits

The panel will review these and other key issues:

  • What are the standards with which investment committees must comply?
  • What should plan sponsors consider when selecting and training an investment committee?
  • What are best practices to avoid breach of fiduciary duty allegations against plan investment committee members, and to minimize their effect in the event such allegations are made?
  • What is the role of the economic expert in assessing investment committee structure, governance performance, and investment monitoring?
  • What is the role of ERISA fiduciary liability insurance?

Faculty

Costin, Emily
Emily Seymour Costin

Partner
Alston & Bird

Ms. Costin focuses her practice on the defense of employment and employee benefits disputes and counseling employers,...  |  Read More

Prussack, Rhonda
Rhonda Prussack

SVP & Head of Fiduciary and Employment Practices Liability
Berkshire Hathaway Specialty Insurance

Ms. Prussack is Head of Fiduciary and Employment Practices Liability at BHSI. She has 25 years of insurance...  |  Read More

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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