Defeating Short-Termism: Why Pension Funds Must Lead
6 Pages Posted: 30 Oct 2009
Date Written: October 13, 2009
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
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