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From Compliance to Liability: Why Fiduciary Oversight and Protection Should Not Be a Solo Role
By April Handlir, EHD Compliance Manager We all need compliance but for a GHP named fiduciary, the stakes are personal. This role carries significant responsibility and the potential for personal liability, even when duties are delegated. Fiduciaries must still prudently select and oversee all parties. That’s why the best practice is clear, do not journey alone! A fiduciary committee helps share oversight and protect those responsible. Responsibility is too great for one person, the solution,…
