For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products March 7, 2007
Roland Criss Offers Tool to Measure Fiduciary Responsibility
March 7, 2007 (PLANSPONSOR.com) - Roland Criss
Fiduciary Services has released a benchmarking tool that
measures risk exposure for fiduciaries of retirement plan
sponsors, foundations, and endowments by matching a fiduciary
committee's current and historical practices against the
Global Fiduciary Standard of Excellence.
Reported by Adrien Martin
Roland Criss’ ISP Rating measures fiduciary responsibility as defined under federal and state regulations and legal precedents.
The Global Fiduciary Standard of Excellence was developed by the Center for Fiduciary Excellence (CEFEX) and identifies the separate accountabilities of entities that comprise the fiduciary universe. This includes plan sponsors, investment advisers and investment managers, according to a news release.
“Without a system of defined and objective practices that defines how to function effectively, fiduciary committees are at a significant disadvantage,” said Ron Hagan, Chief Operating Officer at Roland Criss. “In their current state, most executives would find that fiduciary laws are virtually impossible to fulfill and measure.”
RolandCriss’ ISP Rating is an embedded feature within the company’s Fiduciary Governance Reviews.
class=”ifrtext”> For more information on Roland|Criss, please visit www.rolandcriss.com .