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[Yap State News Brief] FSM fiduciaries earn accredited investment fiduciary designation

Resource: Yap State News/ February 12, 2013

BRIDGEVILLE, Pennsylvania (Center for Fiduciary Studies) — William N. Kostka, executive director of the Micronesia Conservation Trust has been awarded the Accredited Investment Fiduciary designation from the Center for Fiduciary Studies, the standards-setting body for fi3601.

The AIF designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care.

The designation is the culmination of a rigorous training program, which includes a comprehensive, closed-book final examination, and agreement to abide by the AIF Code of Ethics.

On an ongoing basis, designees are required to complete continuing education to maintain the AIF designation.

Kostka attended the second ever Asia based Fi360 training, which was sponsored by the Asia Pacific Association for Fiduciary Studies, and held at APAFS’s 12th Annual Pacific Region Investment Conference in Manila in November 2012.

The training was attended by 25 individuals from throughout Micronesia and the Philippines.

Kostka becomes only the third FSM citizen to hold the AIF designation.

Fi360 will hold the next Accredited Investment Fiduciary training immediately prior to the 13th Annual Pacific Region Investment Conference in Manila on Nov. 15 and 16, 2013.

Gerard Cruz, APAFS chairman said: “We are excited about once again hosting this prestigious, and badly needed, fiduciary training certification course once again. The response to the first course was truly overwhelming. Demand is already high for this year’s training, and as we can only accommodate 25 participants, I would encourage interested individuals to email us immediately at executivedirector@apafs.org.”

About William N. Kostka

William Kostka was born and raised on the island of Pohnpei, in the Federated States of Micronesia.

William Kostka

In 1998, he help found, and became the first board chairman and executive director of, the Conservation Society of Pohnpei, the leading local conservation NGO in the nation.

In 2002, Kostka also co-founded and currently serves as executive director of the Micronesia Conservation Trust, a charitable and irrevocable corporation organized to support biodiversity conservation and related sustainable development for the people of Micronesia by providing long-term sustained funding and capacity building support.

He serves as coordinator of the World Conservation Union- World Commission on Protected Areas Micronesia Program and also sits on the Pacific Advisory Panel of the Global Green-grants Fund.

In 2006, Kostka became a Pew Marine Fellow and used his fellowship grant to help launch and further the implementation of the Micronesia Challenge Initiative, a common commitment by the countries and territories of Micronesia to a comprehensive system of resilient protected-area networks.

This commitment will see at least 30 percent of the nearshore marine and 20 percent of the forest resources across Micronesia under effective conservation by 2020.

The Micronesia Conservation Trust was formally established by The Nature Conservancy in 2002 as a charitable and irrevocable corporation organized to manage and provide funds “to support biodiversity conservation, climate change adaptation and related sustainable development for the people of Micronesia by providing long-term sustained funding.”

It aims to:

• Raise community awareness about biodiversity conservation, climate-change adaptation and related environmental education programs

• Support the conservation of priority natural biodiversity resource areas

• Strengthen the ability of communities, community organizations, government agencies, conservation and development NGOs, and other appropriate organizations to conserve Micronesia’s biodiversity, adapt to climate change and sustainably manage its natural resources for the benefit of current and future generations

Resource: Yap State News/ February 12, 2013

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