This Week's LessonWeek of December 9
This week we continue our series on investment fraud
A church board appoints an investment committee consisting of five businesspersons in the congregation having financial expertise. The board relies on the recommendations of the committee in investing church funds. A board member asks if the board is still potentially liable for poor investments.
Instructions Click on the correct answer for each of the following questions.
Unscrupulous individuals are targeting churches and church members in fraudulent investment schemes. Church leaders must be aware of this risk and take steps to protect church assets as well as the assets of church members. This lesson is the fifth in a series that will explain the most common forms of investment fraud, provide several examples from real life, address the fiduciary duty of church leaders to invest church funds prudently, and provide practical steps that church leaders can take to minimize if not eliminate this risk. This week's lesson provides church leaders with helpful tips on discharging their fiduciary duty of due care in the investment of church funds.