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ARTICLE · 22 DECEMBER 2008

Managing The Global Financial Crisis

Clayton Utz
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These are uncertain times for trustees of investment funds, including super funds, registered schemes and wholesale investment trusts.

AustraliaFinance and Banking
Zein El Hassan
Zein El Hassan
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Key Point

  • Trustees of investment funds should be proactive in their assessment and considered in their response and remember that knee-jerk reactions may cause more harm than good.

These are uncertain times for trustees of investment funds, including super funds, registered schemes and wholesale investment trusts. Now more than ever, it is important that these trustees are guided in their response to the crisis by the best interests of their members, that they take reasonable steps to safeguard those interests and, if conflicts arise, they give priority to their members' interests. While it is not always possible to know all the consequences of a particular decision, it is critical to be able to demonstrate that you followed a proper process in making the decision.

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