board
also referred to as: boards
9 statements across 9 episodes · 5 bullish · 2 bearish · 8 people on the record · first statement Jan 29, 2018 by Seth Masters · across every show →
Everything said about board, oldest first
Jan 29, 2018 negative
Institutional boards commit a massive governance error by obsessing over benchmarks
“Now, in my experience, most boards and other bodies that are overseeing pots of money end up spending surprisingly little time on that issue of
What are we here to achieve, and how do we make sure that we're maximizing the chances of succeeding at that and min…”
Apr 16, 2018
Galbraith: Functional boards rise during crises while dysfunctional boards deteriorate
“The other observation I'd have is different boards have wildly different degrees of efficacy, and what you find is the ones that are most functional actually tend to rise in and around crises or transitions, and the more dysfunctional ones tend to do the oppos…”
Dec 17, 2018 positive
Institutional boards are increasingly delegating manager selection to staff
“As that dedicated staff is billed out, boards or investment committees seem to be getting more and more comfortable with giving those staff members some authority, if not full authority, but authority to make manager decisions, hiring and firing decisions, but…”
Jul 1, 2019
Hostplus uses a 4-director subcommittee for agile co-investment approvals
“Internally, the board has formed a small subcommittee of four directors, which we call the SIG, the Special Investment Group, and they can be called on demand
On a deal by deal basis.
And they can get together and work with the internal team and have a delegat…”
Sep 2, 2019 negative
Apr 5, 2021 positive
PERA delegates all manager selection to internal staff while board sets risk
“So what our governance looks like today is our board makes three decisions. They set our overall risk tolerance, they approve our risk budget as what I've been talking about, and they set benchmarks. Everything else gets delegated down to staff. So the manager…”
May 1, 2023 positive
Monk: Investment risk budgets must align with board governance capacity
“The concept is you need to align your risk budget with your governance budget, which is to say you can't take on a ton of risk in your risk budget unless you have a board that has the time and capacity and skills to really understand the portfolio and to prope…”
Jan 29, 2024 positive
Arndt: Future Fund's Expert Board Avoids Quantitative Reference Benchmarks
“We have a board appointed by government, but the board are all industry experts. They're not a lay board. They can engage in quite a sophisticated way, and they've always been aligned and supportive, but they've always been close, and by that I mean we have mo…”
Jan 12, 2026 positive
Monk: Large funds need technologists and data infrastructure experts on boards
“Just as we're sort of achieving that, I'm going to turn around and go back to them and say, we need technologists, people who've built data infrastructure. We need the right skills on these boards. If you're going to make a hundred million dollar investment in…”