fiduciary issue

"We had fiduciary issues to deal with," he said, "and I think we did a good job."

That raises a fiduciary issue, as more investors are relying on professional planners who lack the information they need to do the best job possible.

In my mind, this is not a fiduciary issue, it's not a question of somehow shrinking the opportunity that the foundation has."

As a result, there's a great deal more scrutiny being paid to fiduciary issues and the conduct of attorneys handling fiduciary matters."

According to a 1997 study performed by a major public accounting firm,1 most CFOs in 1989 were spending 75 to 80 percent of their time on fiduciary issues, essentially external reporting.

Today, the goal of many leading finance organizations is to spend about 20 percent of their time on fiduciary issues and the remaining time performing strategic support activities, such as cost analysis or business performance analysis.

The universal currency is the Standard Value Unit (SVU), a fiduciary issue backed by several of the Oikumene's largest banks, such as the Bank of Rigel.

"It becomes an interesting fiduciary issue if by filing the lawsuit you are blocking shareholders from considering a proposal," said Morton Pierce, a lawyer with the New York firm of Dewey, Ballantine who specializes in banking law.

"On the fiduciary issue, my advice is to avoid 3(21) Erisa fiduciaries and to insist your fiduciary be a 3(38) Erisa fiduciary," said Mr. Solin, who is a lawyer, referring to a law called the Employee Retirement Income Security Act.