governance

“And I have gotten raked over the coals a couple of times because people are like, why would you say that governance is the most important thing? And I'm like, guys, how can you build a portfolio without starting with governance? So it starts with an enterprise…”

“The other thing I would point out is there is an opportunity in a restructuring to hit the reset button. You have this moment in time where you can completely rethink governance and put in place best practices in terms of governance and executive compensation.…”

“And without fail, that active-passive conversation inside a pension fund actually boils back to governance.”

“And in some ways, governance and human involvement is almost a bug. It's not a feature. You want these systems and networks to stand on their own two feet, almost as public utilities.”

“What you find out in a lot of these firms, what happened is individual people ended up making decisions and there were no governors around them. They just sort of all went, whether it's even the top person or they went in different directions and went the wron…”

“The most important determinant of long-term success for any pool of capital is the quality of its governance. And that starts with the investment committee chair.”