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When Everyone Is Responsible, Who Is Actually Accountable?

When Everyone Is Responsible, Who Is Actually Accountable?

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...
The Budget Is Annual. The Consequences Are Not.

The Budget Is Annual. The Consequences Are Not.

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...

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