Country: United Kingdom
Investors are taught to diversify portfolios to mitigate risk. They need to diversify their decision-makers for the same reason, says Bev Shah Investors are taught to diversify portfolios to mitigate risk. They need to diversify their decision-makers for the… Investors are taught to diversify portfolios to mitigate risk. They need to diversify their decision-makers for the same reason, says Bev Shah
Jul 15th, 2020
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Recent global events have propelled the topic of race up the agenda, and for many of us has resulted in questioning of our own behaviour both personally and professionally. We’ve seen many even pledging publicly to do more to effect change.
The investment management industry has an improving track record of being able to use our power to challenge the behaviour of the companies we invest with. We’ve embraced a broader definition of stewardship. We put out statements about our voting policies and join initiatives to push others to do better. And there have been important, collaborative successes such as shareholder resolutions on climate and increased scrutiny of remuneration – often driven by engaged asset owners.
But what about our own teams and firms? Hold a mirror up to the investment management industr…