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l et’s say I am a member of the investment committee of an endowment fund for a college, hospital, museum, local Boy or Girl Scouts council, or my church or synagogue or a member of the investment committee of a pensionfund or foundation. Whether they’ve told me or not, I am a “fiduciary” for that […]
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Handbook For Investment Committee Members How To Make Prudent Investments For Your Organization Wiley Finance Series Ebook-Yyepg
et’s say I am a member of the investment committee of an endowment fund for a college, hospital, museum, local Boy or Girl Scouts council, or my church or synagogue or a member of the investment committee of a pensionfund or foundation. Whether they’ve told me or not, I am a “fiduciary” for that organization. As such, what is my job? What is expected of me?That’s what this book is about.Our job as a fiduciary is to act solely in the interests of our organizationand, according to one definition, “to act with the care, skill, prudence,and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.”1 That sounds heavy.What qualifications....
