Defeating Short-Termism: Why Pension Funds Must Lead

Waitzer, Edward J.

doi:10.2139/ssrn.1493307

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Defeating Short-Termism: Why Pension Funds Must Lead

Rotman International Journal of Pension Management, Vol. 2, No. 2, Fall 2009

6 Pages Posted: 30 Oct 2009

See all articles by Edward J. Waitzer

Edward J. Waitzer

York University - Osgoode Hall Law School; York University - Schulich School of Business; Stikeman Elliott LLP

Date Written: October 13, 2009

Abstract

Among the lessons from the recent market crisis is the interconnected nature of the challenges we face, and that we can no longer afford myopic responses. This reality has material implications for pension fund trustees and managers. The time has come for them to lead rather than be dragged along. This article proposes a number of steps that can be taken to better align incentives and frame decision-making for longer-term perspectives.

Keywords: Accountability Issues, Fund Managers, Governance, Pension Fund, Trustees

Suggested Citation: Suggested Citation

Waitzer, Edward J., Defeating Short-Termism: Why Pension Funds Must Lead (October 13, 2009). Rotman International Journal of Pension Management, Vol. 2, No. 2, Fall 2009, Available at SSRN: https://ssrn.com/abstract=1493307 or http://dx.doi.org/10.2139/ssrn.1493307