Looking for a better measure of a pension fund’s success
OPTrust President and CEO Hugh O’Reilly together with Jim Keohane, President and CEO of HOOPP, have co-authored a Globe and Mail opinion editorial on funded status being the measure of success for pension funds.Posted: February 9, 2016
The world of business is one where people like to quantify and measure things. This drive has led to the old saw: “If it can’t be measured, it can’t be managed,” and, like all sayings, it has its portion of truth. However, our desire to measure progress can also leave us vulnerable to certain pitfalls.
Too often, we head down the path of holding up metrics as accurate barometers of success because they represent things that are easy to understand, quantify and report. This then raises questions for any business. Are we are on the right track? Are we truly doing the right things for success, not just for this quarter or year, but for the long term? And, most important, are we measuring the right things?