by Martin Kerr | | Asset Management, Culture & Behaviour, Decision-Making & Risk, Leadership & Governance
Owning an outcome takes leadership, and without an assurance framework supporting it, it takes courage. Without clear accountability, people can be rewarded for being busy instead of for what they actually achieve. Worse, the longer things go without clear...
by Martin Kerr | | Asset Management, Decision-Making & Risk, Frontline & Operations, Leadership & Governance
I often preach that an Asset Manager shouldn’t play Treasurer! A dollar is a dollar whether it is for something new (CAPEX) or keeping something going (OPEX). I also don’t really care where the money comes from: someone’s budget, a grant, or “robbing Peter...
by Martin Kerr | | Asset Management, Culture & Behaviour, Leadership & Governance, Organisational Change Management
Toward the end of my apprenticeship, I had the privilege of working for a company that practised “open book management”. (They shared the entire financial statements with staff except individual wages). It was a real eye-opener for me, not just that...
by Martin Kerr | | Asset Management, Culture & Behaviour, Decision-Making & Risk, Leadership & Governance
I remember a senior exec walking into my office and preaching that we should take Asset Management more seriously. As the weeks and months went by, we approached the time of year when bonuses were decided. No surprise, the exec realised his measures (mostly lag) would...
