Analyzing Outdated Governance Models in Public Pension Boards

Most agree that healthy investment committee governance is table stakes for meeting investment outcomes over the long term and yet, it is probably the least discussed element of the investment management value chain. Why is the pursuit of governance excellence often ignored? Are there models of separation of duties between board and staff that we should be aiming for? Can strong governance actually improve or juice investment returns? Is it a source of alpha that is largely unharvested?

Introduction (0:47)

Halftime (41:47)

Guests (47:47)

Guests:

Ashby Monk, SLTI Executive & Research Director, Stanford University

Chris Ailman, Chief Investment Officer, CalSTRS

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