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 video webinar with Q&A
This CLE course 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.
Outline
- Importance of investment committee governance
- Investment committee best practices
- Vetting investment fiduciary committee risks
- Selecting investment committee members
- Conflicts of interest
- Training
- ERISA fiduciary liability insurance
- 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
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
Ms. Costin focuses her practice on the defense of employment and employee benefits disputes and counseling employers, plan sponsors and fiduciaries on litigation avoidance strategies. Ms. Costin represents plan sponsors, insurers and fiduciaries in litigation over claims for benefits and breach of fiduciary duty under ERISA. She is the Chair of the ABA TIPS Employee Benefits Committee and a member of the ABA’s Joint Committee on Employee Benefits.
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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
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.
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