Long Finance Spring Conference 2014 - Steady As She Goes: Long-Term Performance Measurement In Finance
Conference

Steady As She Goes: Long-Term Performance Measurement In Finance

“The Kay Review Of UK Equity Markets And Long-Term Decision Making” was a useful contribution to debate on “when would we know our financial system is working?” The Kay Review makes a number of recommendations to move back from short term performance measurement, e.g., “Companies should seek to disengage from the process of managing short term earnings expectations”. However, ‘long’ is not just another four letter adjective for ‘good’. Most theorists believe strongly that the first step towards governance, control and management, whether scientific or commercial or political, is measurement. If we adopt ‘long’ does that mean we need to drop ‘measurement’? Over long periods we repeatedly find that not measuring people leads to low standards, slack practices and corruption. This is certainly not the intention of the Kay Review. If we adopt ‘measurement’, are we excising the long term? This event will explore suggestions for reforms of long term measures in finance.

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Further reading

Jon Spain "The Long-Term Analysis of Investment Performance", The Investment Analyst, (October 1983)
Jon Spain "Long-term Returns Revisited", The Investment Analyst, (July 1984)
Jon Spain "Monitoring Investment Performance for Long-term Investors", The Investment Analyst, (April 1986)
Professional Standards work (Chartered Banker:Professional Standards Board)Annual Review 2013
Professional Standards work (Chartered Banker:Professional Standards Board) Commitment
Professional Standards work (Chartered Banker:Professional Standards Board) Code of Professional Conduct
Professional Standards work (Chartered Banker:Professional Standards Board) Foundation Standard

Date
Wednesday, 26 March 2014

Time
14:30 - 17:30

Cost
Free

Location
King Edward Hall
Bank of America Merrill Lynch

Speakers
    Lady Susan Rice CBE
    Lloyd's Banking Group
    Anthony Hene
    GMO
    Professor Paul Woolley
    London School of Economics
    Kelly Clark
    Marmanie
    Professor Michael Mainelli
    Z/Yen Group

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