What does the Trust Committee need to do to fulfill its supervisory responsibilities?

The Trust Committee's primary responsibility is to oversee the management and operations of the trust, ensuring that fiduciary duties are upheld and that the trust is administered in compliance with applicable laws and regulations. Meeting monthly or as necessary allows the committee to effectively monitor the trust’s performance, address issues that arise, and make timely decisions regarding trust administration. Regular meetings provide the necessary structure for ongoing evaluation and discussion of trust management practices, investment strategies, and any changes in regulations or stakeholder needs.

Holding bi-monthly meetings, while providing structure, may not be sufficient to respond rapidly to compliance or performance issues as they arise. Likewise, while regular interaction with third-party managers can be beneficial, it is not the primary focus of the Trust Committee's supervisory role. Continuous policy review is essential, yet it does not directly imply the active supervision of trust activities in the same way that regular meetings do. Therefore, meeting monthly or as necessary is the most effective approach for the Trust Committee to fulfill its supervisory responsibilities comprehensively.