Building Value and Reputation with Stakeholder Management: The Case of Washington State Investment Board

6 Pages Posted: 1 Jun 2010

See all articles by Theresa J. Whitmarsh

Theresa J. Whitmarsh

Washington State Investment Board (WSIB)

Date Written: Spring 2010

Abstract

The growing literature on pension governance identifies desirable governance characteristics, and links them to improved organizational performance. However, actual pension plan organization and governance are often a result of a series of historical events and cultural factors. Governance best practices that could feasibly be implemented in one country might be impractical in another. This article focuses on one specific element of governance: stakeholder management. We show that this element has played a critical role in moving Washington State Investment Board toward the optimal end of the governance scale within the legal and historical constraints within which public sector pension funds operate in the United States.

Keywords: Governance, Pension Fund, Stakeholder Management, Strategic Planning

Suggested Citation

Whitmarsh, Theresa J., Building Value and Reputation with Stakeholder Management: The Case of Washington State Investment Board (Spring 2010). Rotman International Journal of Pension Management, Vol. 3, No. 1, 2010, Available at SSRN: https://ssrn.com/abstract=1618822 or http://dx.doi.org/10.2139/ssrn.1618822

Theresa J. Whitmarsh (Contact Author)

Washington State Investment Board (WSIB) ( email )

P.O. Box 40916
Olympia, WA 98504-0916
United States

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