Board games

In a roundtable forum sponsored by Towers Perrin, industry leaders discuss good governance, maintaining pension fund ownership, developing effective procurement processes and the benefits of a trustee board

Life & Pensions - Are trustee boards actively challenging their own assumptions of what constitutes good governance?

Jonathan Clarke - The RHM scheme has evolved in terms of governance over the past three or four years. We used to have a pretty conventional trustee board structure where, basically, the trustee board had all the authorities and the investment committee was purely advisory. We decided to go down the route of direct investments and alternative investments a couple of years ago, so