Embracing Risk Culture
The conversation highlights the challenge of fostering a culture that encourages innovation within pension funds, particularly in the face of public scrutiny. Emphasizing the need for clear risk appetites set by the board, the discussion reveals how empowering teams to operate within defined limits can lead to creative decision-making. Acknowledging that not every investment will yield expected results, it's crucial to create an environment where informed decisions are valued, even if they don't always pay off.In this clip
From this podcast
The Limited Partner
Interview w/CalPERS CEO Marcie Frost
Related Questions
From a cultural perspective in investing, when focusing on operational excellence in the episode Interview w/CalPERS CEO Marcie Frost and the clip Embracing Risk Culture, what is paramount in creating an environment where everyone has a laser focus on delivering?
How does risk tolerance influence innovation within organizations, as discussed in the episode Interview w/CalPERS CEO Marcie Frost and the clip Embracing Risk Culture?
How does risk tolerance influence innovation within organizations?