Foundations of Trust Management Standards (FTMS®)
Friday, November 22 - Saturday, November 23, 2024
Sessions Include:
8:00 AM - 9:30 AM
Please note: Testable readings for the Administration and Governance content will be included at the end of the slides posted for this module.
- Outline key functions of Boards of Trustees/Fiduciaries as Legal Administrator
- Explain the significance of governing documents and their terms for meeting fiduciary duty
- Describe the role of key service providers in supporting Boards
- Identify key stakeholders in governance
- Explain basic principles of effective governance and best practices
- Describe how good governance supports Boards in execution of key management functions and in meeting fiduciary duty
- Explain the importance of Board meetings, meeting protocol and minute taking in your role as Legal Administrator
- Identify sources of effective governance guidelines and tools
8:00 AM - 9:30 AM
Please note: Testable readings for the Administration and Governance content will be included at the end of the slides posted for this module.
- Outline key functions of Boards of Trustees/Fiduciaries as Legal Administrator
- Explain the significance of governing documents and their terms for meeting fiduciary duty
- Describe the role of key service providers in supporting Boards
- Identify key stakeholders in governance
- Explain basic principles of effective governance and best practices
- Describe how good governance supports Boards in execution of key management functions and in meeting fiduciary duty
- Explain the importance of Board meetings, meeting protocol and minute taking in your role as Legal Administrator
- Identify sources of effective governance guidelines and tools
9:45 AM - 12:00 PM
Please note: Testable readings for the Funding/Investment/Finance content will be included at the end of the slides posted for this module.
- Describe the significance of funding policy for effective trust/plan management
- Explain the rationale for funding plans
- List different types of funding and financing options
- Identify factors that influence funding and financing requirements
- Describe the significance of investment policy for effective trust/plan management
- State key characteristics of bonds and stocks
- Explain the importance of asset mix and diversification to investment decisions
- List the steps in the investment process
- Explain the roles of the actuary and the investment manager
- List the key questions to ask about investment strategy
- Describe the significance of financial reporting and budgeting to effective trust/plan management
- Indicate sources and uses of income
- Describe key financial reports and how they inform decision making
- Explain the role of the auditor
9:45 AM - 12:00 PM
Please note: Testable readings for the Funding/Investment/Finance content will be included at the end of the slides posted for this module.
- Describe the significance of funding policy for effective trust/plan management
- Explain the rationale for funding plans
- List different types of funding and financing options
- Identify factors that influence funding and financing requirements
- Describe the significance of investment policy for effective trust/plan management
- State key characteristics of bonds and stocks
- Explain the importance of asset mix and diversification to investment decisions
- List the steps in the investment process
- Explain the roles of the actuary and the investment manager
- List the key questions to ask about investment strategy
- Describe the significance of financial reporting and budgeting to effective trust/plan management
- Indicate sources and uses of income
- Describe key financial reports and how they inform decision making
- Explain the role of the auditor
1:00 PM - 4:30 PM
Please note: Testable readings for the Funding/Investment/Finance content will be included at the end of the slides posted for this module.
- Describe the significance of funding policy for effective trust/plan management
- Explain the rationale for funding plans
- List different types of funding and financing options
- Identify factors that influence funding and financing requirements
- Describe the significance of investment policy for effective trust/plan management
- State key characteristics of bonds and stocks
- Explain the importance of asset mix and diversification to investment decisions
- List the steps in the investment process
- Explain the roles of the actuary and the investment manager
- List the key questions to ask about investment strategy
- Describe the significance of financial reporting and budgeting to effective trust/plan management
- Indicate sources and uses of income
- Describe key financial reports and how they inform decision making
- Explain the role of the auditor
1:00 PM - 4:30 PM
Please note: Testable readings for the Funding/Investment/Finance content will be included at the end of the slides posted for this module.
- Describe the significance of funding policy for effective trust/plan management
- Explain the rationale for funding plans
- List different types of funding and financing options
- Identify factors that influence funding and financing requirements
- Describe the significance of investment policy for effective trust/plan management
- State key characteristics of bonds and stocks
- Explain the importance of asset mix and diversification to investment decisions
- List the steps in the investment process
- Explain the roles of the actuary and the investment manager
- List the key questions to ask about investment strategy
- Describe the significance of financial reporting and budgeting to effective trust/plan management
- Indicate sources and uses of income
- Describe key financial reports and how they inform decision making
- Explain the role of the auditor