Professsional Development and Team Building

Good governance demands ongoing attention.

Good governance includes proper oversight of management and the development of a supportive professional culture. The culture must include accountability and a commitment to consistently strong performance and healthy morale throughout the organization. Good governance requires mutual respect and candid conversations. Many public pension plans struggle with developing and maintaining the right balance between the oversight roles of the board and the executive responsibilities of management.

Trustees need to ensure there are appropriate senior or executive management succession planning, performance assessment, and compensation structures. There should also be an internal focus on skill-building and teambuilding. Both hard skills and soft skills should be assessed. Periodic maintenance and fine-tuning can enhance organizational performance and governance processes. Our engagement team brings expertise and experience in both reviewing and enhancing board-management interactions.

Our services include:

• Succession planning and core staff retention strategy (they have to go together)

• Senior and core staff development planning, including specialized investment professional development

• Assessment of knowledge, skills, and abilities and matched with development plans

• Board-management relationship analysis and enhancement

• Trust-building and constructive structural and interpersonal friction-reduction / intervention strategies

• Bridging confidence gaps and setting clear, achievable expectations and objectives

• Culture assessment and change management

• Alignment of incentives and performance assessment criteria with plan priorities to improve governance

• Selective 360-degree feedback and executive coaching, where appropriate