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Fiduciary Responsibility: Duties, Responsibilities and Worst Case Scenarios



Summary
This program is brought to you in partnership with the Illinois Fire Sprinkler Coalition, who would like to congratulate the Central Stickney Fire Protection District on adopting a model code that included fire sprinkler protection for residential occupancies such as single-family homes, townhomes and multifamily.

Please visit homelifesafety.com to learn more.



Part 1
Fiduciary Duty 101
Serving on the board of a pension fund comes with significant responsibilities. Chief among them is the duty to act as a fiduciary. This presentation will explain what exactly “fiduciary” means, what that duty entails, and what steps trustees should take to ensure they are preserving the trust of the pension members. In addition to general best practices, the presentation will also detail specific requirements of the Illinois Pension Code for fiduciaries.

Part 2
When What Can Go Wrong, Goes Wrong: Fiduciary Dilemmas
Acting as a fiduciary might seem like common sense: avoid conflicts of interest and manage funds prudently. Those rules have many nuances, though, which can lead to mistakes, resulting in pension fund trustees getting in trouble. This presentation will highlight examples of fiduciary breaches in Illinois, focusing on what went wrong and what the consequences were. The presentation will also provide advice to avoid similar situations in your pension fund.

2 Hours of Continuing Education available for those who qualify.

Presenters
Ryan R. Morton
Associate - Ottosen Britz Kelly Cooper Gilbert & DiNolfo, Ltd.
Ryan R. Morton is an associate with the law firm of Ottosen Britz Kelly Cooper Gilbert & DiNolfo, Ltd. in Naperville. He graduated from the John Marshall Law School and holds an undergraduate degree in journalism from Northwestern University. Prior...More
John E. Motylinski
Associate - Ottosen Britz Kelly Cooper Gilbert & DiNolfo, Ltd.
John E. Motylinski is an associate attorney with the law firm of Ottosen Britz Kelly Cooper Gilbert & DiNolfo, Ltd. Mr. Motylinski represents local government entities, with a focus on fire protection districts, public pension funds, municipalities,...More
Program Agenda
3-4pm Part 1: Fiduciary Duty 101
4-5pm Part 2: When What Can Go Wrong, Goes Wrong: Fiduciary Dilemmas

How To Attend
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Credit
If applicable, you may obtain credit in multiple jurisdictions simultaneously for this program (see pending/approved list below). Registrants in jurisdictions not listed below will receive a Certificate of Attendance/Completion that may or may not meet credit requirements in other jurisdictions. Where applicable, credit will be only awarded to a paid registrant attending the live program at their own computer and phone.

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Published on 10/4/2018
 
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