FAQs
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What is public pension governance?
How does pension board governance work?
What does board oversight entail?
What responsibilities do trustees have?
What is included in a pension governance framework?
Why are governance policies important?
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How can the system engage with stakeholders including members, employers, policymakers, and other parties to ensure transparency and accountability?
How can conflicting stakeholder interests be resolved in the best interests of the plan participants and beneficiaries?
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What are the key fiduciary duties?
What is the difference between a prudent person and a prudent expert?
What fiduciary standards must boards follow?
Is there a forgiveness period?
How should boards handle group conflicting interests vs personal conflicts of interest?
What is fiduciary risk, and how can it be managed?
What constitutes a fiduciary breach?
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What are the key roles and responsibilities of a pension board?
What duties does an investment committee perform?
What is the role of an audit committee?
What does a governance committee do?
Why is board education and training important?
How should trustee orientation be conducted?
How can boards effectively perform self-assessments?
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What should be included in an investment policy statement?
How is funding policy governance structured?
How does the board oversee asset allocation?
What role does governance play in funding discipline?
What are the best practices for strategic planning?
What does a governance committee do?
Why is board education and training important?
How should trustee orientation be conducted?
How can boards effectively perform self-assessments?
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What decisions need to come to the board for approval?
What is prudent due diligence?
When should authority be delegated, and how?
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Why is transparency important in public pension governance?
How can pension risk be effectively overseen?
What are key aspects of performance reporting?
What does public accountability mean for pension governance?
Why are governance audits necessary?
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How does our system assess the effectiveness of its internal controls?
What does a compliance audit involve, and how does it verify adherence to regulations within our retirement system?
How does our system identify, evaluate, and mitigate risks?
Does it use a structured framework?
What governance practices help to assure transparency, accountability, and ethical decision-making within our system?
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What role does ESG play in pension governance?
How are AI and automation influencing governance practices?
Why is cybersecurity governance critical?
How should boards address climate risk?
How can boards improve adaptation and resilience?
Emerging Issues and Trends (click here)