Fiduciary Responsibilities of Public Retirement System Trustees –Sound ESG Investment Decision-Making
On October 29, 2021 Ashley Dunning presented “Fiduciary Responsibilities of Public Retirement System Trustees – Sound ESG Investment Decision-Making” during the California Association of Public Retirement Systems’ Virtual Trustee Round Table.
During her presentation, Ashley discussed fiduciary duties of public retirement system trustees. She emphasized their duty of loyalty in regards to consideration of ESG factors, collateral interests, conflicting interests among various members and beneficiaries and conflicting ESG interests among various members and beneficiaries. She also reviewed their duty of prudence and use of experts, as well as best practices for board processes.