The Case for Broadening Fiduciary Responsibility

The Robert F. Kennedy Center for Justice and Human Rights in Hyannis Port, Massachusetts held a conference entitled 'Exploring New Directions in Fiduciary Duty' on July 28-30, 2010.  Keynote speakers included James Wolfensohn, former President of the World Bank; Madeleine Albright, former Secretary of State; and Congressman Rob Andrews, Chair of the House Subcommittee on Health, Employment, Labor and Pensions.  NSFM Steering Team Member Keith Johnson participated in the conference, leading a panel called The Case for Broadening Fiduciary Responsibility.

NSFM Consultation Paper No. 2, on interpreting pension fund trustees' fiduciary duties to encompass systemic risk and a more balanced long-term orientation, was featured at the conference.

NSFM is planning a number of roundtables over the next year in the United States, Canada and Europe to further explore the impact of financial industry and marketplace changes on the concepts of fiduciary responsibility.

The agenda for the Conference is available at -