A study reveals there are several weaknesses regarding the governance of pension funds that still need to be addressed.
The problems identified in the study by the Rotman International Centre for Pension Management range from poor practices in board member selection to organizational dysfunction.
Weak oversight functions also have led to difficulties in sorting out the competing financial interests of differing stakeholder groups and self-evaluation of board effectiveness continues to be the exception rather than the rule.
On the positive side, the study shows that formal strategic planning processes are on the rise, resulting in clearer management focus on such issues as resource planning, organizational design, and compensation..
To read the study, click here.
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