Executive Oversight: Meeting governance and oversight challenges in a difficult economy

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The investment management business grows more complex each day and executing effective oversight has become progressively more difficult. Increasing diversity of products and services, and evolving regulatory structure, and expectations of stakeholders today creates greater governance and oversight challenges for investment management’s senior executives and boards.

Oversight encompasses all aspects of the business and extends beyond regulatory compliance. Effective business oversight requires judgment and robust governance activities— and is the responsibility of senior executives working in tandem with various board or oversight bodies. Considering the current difficult business conditions and growing industry complexity, these leaders need to reassess their governance tools and activities (board directives, operating policies, procedure manuals, control activities, and control testing) to ensure that they are being proactive and demonstrating a sense of urgency to do right by all key stakeholders. This paper highlights the areas that we believe merit more attention from investment managers, given the realities of today's economic environment.