Ethics - EOC - pension fund manager

Stewart has been hired by Goodner Industries, Inc., to manage its pension fund. Stewart’s duty of loyalty, prudence, and care is owed to:

A. The management of Goodner. B. The participants and beneficiaries of Goodner’s pension plan. C. Both This oen is tough for me. What do you think?

B - your allegiance is owed to the participants and benefeciaries of the plan.


Thanks. Which means he doesn’t need to have loyalty to management?

There’s an example where you’re actually encouraged to defy the manager’s wishes/orders if they are NOT beneficial to the participants.