THE FIDUCIARY PROCESS
ORGANIZE Governing documents, agreements, and stakeholders’ roles and responsibilities are reviewed and clearly defined in writing.
FORMALIZE Investment objectives, time horizon, risk levels, and return goals are formally established. Asset classes are chosen and the investment policy is updated and reconfirmed.
IMPLEMENT The investment strategy is implemented. Due diligence is conducted to select investment managers. All investment decisions are documented, reviewed, and retained.
MONITOR Regular reporting compares investment and impact performance with benchmarks and the investment policy.