Board Development Series: Fiduciary Responsibilities of the Investment Committee

Date: 6/19/2014
Time: 6:00 PM TO 8:00 PM

#500-730 View Street
Victoria, BC V8W 3Y7

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Event Description: For more information and to register, visit, http://www.eventbrite.ca/o/volunteer-victoria-1749897131 Most board and investment committee members work extremely hard, usually with no compensation, for the organizations they are tasked with assisting. Despite the best of intentions and all that hard work, many also fail to adhere to a number of basic fiduciary duties. These gaps can create considerable future challenges (and costs) for any non profit organization. This event is meant to promote a better understanding of the fiduciary responsibilities of a board or investment committee member. It will provide a framework for establishing a prudent, transparent investment process and will outline some common strategies for mitigating future risk. Some of the topics we will cover: 1) How to organize, formalize, implement, and monitor a proper financial management strategy. 2) Defining and documenting the objectives, roles, and responsibilities of all involved parties. 3) Selecting the right person for the right role (prudent experts). 4) An overview of the current regulatory environment for investment fiduciaries. 5) A review of some recent litigation issues faced by other non profits. 6) The identification and elimination of organizational conflicts of interest. 7) How and when to conduct the Request for Proposal (RFP) process. 8) Leveraging a transparent financial strategy to attract new capital. About the Instructors: Jeremy Stephen, BBA, CFP is an Investment and Wealth Advisor at RBC Dominion Securities in Victoria. Mr. Stephen provides advisory services to the boards of numerous well capitalized institutional clients in BC and has a specific focus on fiduciary prudence, organizational transparency, and risk mitigation. Jeff Schmitt is a Vice President and Wealth Consultant for Envestnet Wealth Management Solutions out of Folsom, California. Mr. Schmitt is a member of the Investment Management Consultants Association (IMCA) and has earned the Accredited Investment Fiduciary (AIF) designation from the Centre for Fiduciary Studies. Jeff has spent the last 12 years of his career training and educating investment advisors on fiduciary prudence issues, investment analysis, portfolio construction, and overall best practices. About the Venue: This workshop will be held at the RBC Dominion Securities Board Room, suite 500-730 View Street. Parking after 6pm is free for street parking, or $2 for the evening after 6pm in a City Parkade (View st is nearest).


Directions:
RBC Boardroom

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