The purpose of the Louisiana Trustee Education Council (hereinafter referred to as the Organization or LATEC) shall be to encourage and facilitate the education of its membership in all matters related to their duties as the holders of trust assets by those bearing a fiduciary responsibility for such assets. Therefore, LATEC will develop and conduct educational programs and networking opportunities among trustees, administrators and staffs of pension funds designed to foster and maintain the level of expertise demanded of fiduciaries under applicable laws so that they may better serve their members and their respective funds.