Summarize one of the four possible fiduciary duties

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Assignment: The scenario also describes a board of trustees about to engage in the hiring of an external service provider.

  1. Summarize and describe one of the four possible fiduciary duties (rules) that you believe best fits this context. Be specific and explain why you believe it applies.
  2. Do you think that the trustees have met the obligation you discussed in part a) throughout the monitoring and termination process they have pursued so far? Why or why not?
  3. Identify the key factors that the trustees should keep in mind and outline the process to follow when selecting an appropriate investment manager for the Forest Workers' Pension Plan.
  4. Identify one other fiduciary duty that might be relevant in this scenario and explain why.

Reference no: EM133306533

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