We have significant experience serving as investment committee members and chairpersons
FIDUCIARY CONCERNS
Board Accountability
There is growing pressure on many sectors of the nonprofit community for greater fiduciary accountability. Most states have adopted UPMIFA to establish a structural set of guidelines for best practices. UPMIFA's primary areas of focus are conflicts of interest and financial oversight.
Increased scrutiny calls for clear articulation of the principals of autonomy and authority of governing boards. A strong and thoughtful Investment Policy Statement presents both investment guidelines and governance principals. Massey Quick will assist the board with UPMIFA requirements.
Fiduciary Responsibilities
In an increasingly complex investment world, a proper Investment Policy Statement should be in place to help guide the investment committee, finance committee, audit support members and trustees. It is essential that the Investment Policy Statement be tailored to meet the needs of the institution as outlined by the Board of Trustees.