A recommendation to resolve the situation, along with reasons why you recommend this solution.
Answers
Answer:
Here are seven-steps for an effective problem-solving process.
Identify the issues. Be clear about what the problem is. ...
Understand everyone's interests. ...
List the possible solutions (options) ...
Evaluate the options. ...
Select an option or options. ...
Document the agreement(s). ...
Agree on contingencies, monitoring, and evaluation.
ASSIGNMENT UNIT 4 3Harry Markham's Loyalty Dilemma (A) - In the early part of 2012, a pension fund investment advisor by the name of Harry Markham prepped himself for an important meeting with the boardof trustees. (Harry Markham's Loyalty Dilemma, n.d.) This board consist of appointed or elected individuals who are responsible for setting policies for a state pension fund. It is their legal duty to ensure that the shareholders best interest are upheld. They are also held to strict fiduciary standards and must manage the organization under their care, or face the consequences for neglect. On this day of the meeting, Harry found himself torn about a crucial issue regarding the pension fund he was advising. Markham was appointed to oversee the fund upon his hire with the firm and as time went by, his concerns grew regarding the disparity of how the pension fund liabilities were valued. (Harry Markham's Loyalty Dilemma, n.d.) These public pension funds provide retirement benefits and income to employees. Markham applied his knowledge of finance and he discovered that the projected liabilities were in fact significantly larger than what the appointed actuaries, professionals who manage and measure risks, stated they were. However, this could all be remedied by making a few adjustments to the numbers, but no parties were interested in questioning the information provided.
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