Asset Management in the Boardroom
I was delighted this week to deliver the first of the Asset Management Council's AM Tuesday webinars.
We discussed asset management in the boardroom, including the nature of board decision making, the types of decisions boards need to make and how asset management practitioners can support board decision making.
In his book 'How to build a car' legendary Formula One designer Adrian Newey talks about the designer's role to push the performance of the car as far as possible, without breaking the rules. There are constraints on engine size, dimensions, weight and many other factors. The board's role is a bit like this, they need to ensure the organisation can perform at its best within the constraints of compliance requirements, while effectively managing ever-changing risks.
When preparing proposals or reports for the board, asset managers need to bear in mind the dynamics of board decision making and ensure they provide relevant and timely information, without excessive technical detail.
I've prepared some useful resources on board considerations for asset managers, which you can download here.
