March 8, 2011
TORONTO, ON – With the rapid pace of change in the global economy, the governance of pension and other long-horizon investment institutions has never been more important.
A new program aims to improve and enhance the board effectiveness and governance of pension funds, as well as other investment institutions such as national reserve funds, sovereign wealth funds, and endowment funds. The Board Effectiveness Program For Pension and Other Long-Horizon Investment Institutions is being developed by the Rotman International Centre for Pension Management (Rotman ICPM) and Rotman Executive Programs, both at the University of Toronto’s Rotman School of Management. The program is aimed at trustee and board members from Rotman ICPM Research Partners as well as other major long-horizon investment institutions around the world.
“Not surprisingly, the governance and management of pension and other long-horizon institutions has become increasingly complex as many have grown into financial giants, servicing the investment and administration needs of their many beneficiaries,” says Keith Ambachtsheer, director of Rotman ICPM and academic director of the new governance program. “There is evidence suggesting many governing boards and managements are struggling to keep up with the implications of this growing complexity. The program will provide the tools needed for directors to address key strategic issues of their organizations including providing an opportunity to build an international network for dialogue amongst themselves.”
The program combines the experience of Rotman Executives Programs in delivering world-class corporate governance programs and the research and academic expertise of two leading research institutions at the Rotman School; the Clarkson Centre for Business Ethics and Board Effectiveness and Rotman ICPM.
The program will feature faculty from the Rotman School including David Beatty, Peter Christoffersen, Alexander Dyck, Roger Martin and Glen Whyte. Faculty from other education and financial institutions include: Rob Bauer, Alan Jette, Claude Lamoureux, Ed Waitzer, Mark Wiseman, Barbara Zvan.
The first offering of the program will be held in November 2011 with a second to be held in February 2012. Registration details are available at www.rotman.utoronto.ca/icpm/details.aspx?ContentID=294.
The Rotman International Centre for Pension Management has become a global catalyst for improving pension management. The Centre sponsors research and fosters dialogue that focuses on building better pension deals, better pension fund organizations, and better pension legislation and regulation. In addition, the Centre looks for opportunities to raise pensions-related content in undergraduate, graduate, and executive programs at the Rotman School and other education-oriented forums. Further details on the Rotman International Centre for Pension Management, including access to the Rotman Journal of International Pension Management, are available at www. rotman.utoronto.ca/icpm.
The Rotman School of Management at the University of Toronto is redesigning business education for the 21st century with a curriculum based on Integrative Thinking. Located in the world’s most diverse city, the Rotman School fosters a new way to think that enables the design of creative business solutions. The School is currently raising $200 million to ensure Canada has the world-class business school it deserves. For more information, visit www.rotman.utoronto.ca.
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