Charities and other Board Governed Entities
Board members and investment committees want to know what matters most, how to ask providers great questions and how to be effective when time allocated to addressing fiduciary obligations can be so limited.
Delegations of trust rely not just on a propensity to trust providers, but appropriate analysis in their selection and subsequent monitoring.
fi360 (Australasia) provides you with independent and authoritative support to implement the detail of a defined fiduciary standard.
Attending fi360 training (AIF®) or hosting internal, confidential workshops and utilising our fiduciaryLink independent governance service will foster and support your role. Expected outcomes include savings on overall costs, improved returns and being able to show evidence of best practice governance.
Specific Services for Committee governed entities:
AIF Training and Customised Workshops
The purpose of formal training is to allow committees to find their way without undue influence from parties whose primary interests may differ from your governance priorities and fiduciary obligations.
Find out more about the AIF program or our 'Fiduciary Essentials' customised workshop.
Assessment of Internal Governance ("SAFE" assessment)
A confidential assessment of existing process against the fiduciary standard and a "rating" score enables correction of omissions and the opportunity to grow assets from marketing your organisations effectiveness.
Documenting Investment Policy
Entities should "own" their investment policy statement (IPS) and be confident that the nature and form can be applied to any provider. IPS documents written or provided by service/product providers often resemble a mandate for their particular approach, rather than being the "business plan" for your entity . This can defeat the very purpose of this critical document.
Provider Selection
Learn and implement strong due diligence as a basis for forming trust in service providers and their investment products.
Ongoing Monitoring support using our "fiduciaryLINK" program
Monitoring is usually the weakest link in most governance practices. We install committee friendly , robust procedures enabling committees to fully meet obligations without excessive detail or time. A focus on what really matters is only possible when a fiduciary standard defines the agenda. Improved board dynamics and an enhanced sense of individual contribution and common purposefulness usually results.