Hot Topic: UPMIFA in the Context of Financial System Instability

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Welcome to EO Radio Show – Your Nonprofit Legal Resource. A really hot topic right now is the duty of care for directors and trustees of charities in a time of volatility in the investment markets in general, and turmoil, or even fear of turmoil, in their banking institutions. I’m not an investment advisor, and I can’t and don’t tell my clients where they should bank or what they should invest in. I can tell them the standard of care that they are held to in their roles as directors or trustees of a See more +
Welcome to EO Radio Show – Your Nonprofit Legal Resource. A really hot topic right now is the duty of care for directors and trustees of charities in a time of volatility in the investment markets in general, and turmoil, or even fear of turmoil, in their banking institutions. I’m not an investment advisor, and I can’t and don’t tell my clients where they should bank or what they should invest in. I can tell them the standard of care that they are held to in their roles as directors or trustees of a charity.

In this episode, Cynthia Rowland talks about the standard of care for investment decisions and some practical things that charity fiduciaries can do to take good care of the charitable funds entrusted to them.

Link to episode resources: https://www.fbm.com/exempt-organizations/publications/hot-topic-upmifa-in-the-context-of-financial-system-instability/

If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.

Additional episodes can be found at EORadioShowByFarella.com.

DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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