Somerset West – A board of trustees must work collectively, but also be independent of thought, according to management consultant Steve Dold.
He was one of the speakers at a conference on retirement planning hosted by the Financial Planning Institute (FPI) at the Lord Charles Hotel in Somerset West on Tuesday.
“Remember, the board is ultimately responsible. And it is not only about compliance. When electing trustees, make sure you are not just electing someone you and the others like. Elect someone who can think independently and stand up for his or her opinions,” explained Dold.