This is an introductory course for trustees of pension plans. While the focus is on pension plans, the investment concepts and governance principles also apply to health and welfare trusts and endowment funds. The primary purpose of the course is to introduce participants to the tools they need to observe “best practices”. The focus throughout will be on the role of the trustee in setting policy in conformity with the regulatory regimes that govern the assets and liabilities, administration and communication policies relating-to benefits, investments and funding. The course will have practical implications, including case studies and dialogue about your plan’s practices to see how they compare with “best practices”. We encourage in class interactions.
Who should attend? Basically anyone involved in governance or administration of pensions, health and welfare plans, endowments and foundations.
The primary outcome of the course is to assist you, the participant, in making better decisions regarding administration, governance and plans - decisions grounded in well established “best practices“.
The Sauder School of Business at UBC is pleased to offer an intermediate level course of directed to trustees who have taken the introductory level course or who have a sound understanding of the fundamental duties of a trustee.
The intermediate course covers three related themes central to the role of trustees. The first is to develop an understanding that investment risk is only one component of overall risk that a trustee has to wrestle with by exploring in detail the relationship between different policies to manage risk and the tools available to the trustees to find the optimum strategy and by identifying how to cope with unanticipated disasters.
The second theme involves introducing additional asset classes, such as hedge funds infrastructure, private equity and real estate to further diversify your investments.
The third theme focuses on the management of the “team”- how to build an effective approach to using staff, trustees and other professional services. Strategies for conflict and dispute resolution will be addressed.
Practical aspects of both actuarial reporting and investment reporting will be presented by two senior professionals from the community.
This course will appeal to those trustees and professionals dedicated to more effective governance of their plan or fund and improved understanding of the key opportunities and challenges associated with the use of non-traditional investments for risk management.
The expected outcome of the course is to have better informed trustees and professionals who are able to understand and challenge new opportunities and tools for improved governance.
Stanley W. Hamilton
Stan is a professor emeritus in the Sauder School of Business. Throughout his career he taught both graduate and undergraduate courses in real estate and in finance. He served for approximately 17 years as chair of the faculty pension plan, a role that stimulated his interest in pension governance. He currently serves on the Investment Advisory Committee of the Real Estate Foundation of British Columbia, the Advisory Board of Westpen and as chair of the BC Arts Council. Stan is one of the founders of the Responsible Trustee program.
Rob is a professor of finance in the Sauder School of Business, teaching at all levels since 1980. He currently serves on committees overseeing the investment of four different types of funds ranging in size from $4.5 million to $1.3 billion. In addition, he is a member of the Risk Committee in the Ministry of Finance of the Government of BC, overseeing the management of the provincial debt. He is one of the founders of the Responsible Trustee program in the Sauder School of Business.
Michael D. Mills
Mike is a retired actuary who has been involved in investment and financial matters for his entire career. He now spends his time serving on six different trusts that range in size from $15million to $450million. He chairs the trustees of The Fortis BC Energy Joint IBEW/COPE Pension Plan and the FortisBC IBEW Pension Plan. He is one of the originators of “the Responsible Trustee” course at UBC. He is also a certified instructor for governance programs at Grant MacEwan College in Alberta.
Scott is a lawyer and founding partner of Spectrum HR Law LLP working in both Vancouver and Calgary. Since 1990, Scott has focused his practice on pensions, benefits, executive compensation and related tax and trust law. In 2007 and 2008 he was Co-Chair of the Alberta-British Columbia Joint Expert Panel on Pension Standards working with five of Alberta and B.C’s leading experts in pensions to review pension legislation in the two provinces and make recommendations to both governments for fundamental reforms to pension legislation. He is past national and regional Chair of the Canadian Pension & Benefits Institute. He is currently on the Board of Directors of NAV CANADA, which is Canada’s national private sector civil navigation services provider. He is a member of NAV’s Pension Committee with pension plan assets in excess of $3.5 billion.
Room C100 - UBC Downtown Campus at Robson Square
(800 Robson St. between Hornby and Howe)