- (1) To direct the trustee, or veto the trustee's recommendations, as to the investment of the trust's assets.
- (2) To direct the trustee, or veto the trustee's recommendations, as to the voting of proxies and the exercise of other voting powers associated with the trust's assets.
- (3) To select, change and determine reasonable compensation of one or more investment advisors or managers, and authorize or engage them to perform any of the investment duties of a trustee or trust director.
- (4) To determine the frequency and methodology for valuing trust assets.
- (5) To exercise, or veto the trustee's exercise of, any other investment power the trustee has or might have.
- (6) To perform other acts relating to the investment of the trust's assets as the terms of the trust specify.
The explicit appointment by the terms of a trust of a "trust director for investments," accompanied by a citation to this section, grants to the trust director the following powers unless the terms of the trust provide otherwise: