Theoretically, investment committees (ICs) perform an important governance function. But sometimes they misfire. What can go wrong? And what can be done to ensure that they function as intended? In this podcast I discuss a few of Raewyn Williams' observations from her work with ICs. I also throw in some of my reflections from the psychological research about group decision-making, and from my work with professional investment teams. We cover some of the problems with the way chairs manage meetings, the different roles IC members play compared with their day jobs, the need for clarity around the purpose of each meeting, and the pro's and con's of different types of investment-related jargon. The recording is directly relevant for anyone who’s currently part of an IC, or who presents to one. More generally, it should also be useful for anyone who comes together in teams to make investment-related decisions.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

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