Page 73 - DCAC December 2024 Files
P. 73
Managing a Prudent Due Diligence Process
Formalize
Ensure strategy is consistent with implementation
• Establish a Board/Committee with members representative of your employees
• Establish regular meeting schedule
– Show that a reasonable due diligence process was followed
• Documentation – maintain a “fiduciary file cabinet”
– Create/Maintain Investment Policy Statement
– Committee/Board Bylaws
– Meeting Minutes
– Regular fiduciary training for members
• Request for Proposal/Requests for Information
© 2024 Innovest Portfolio Solutions 21
