MA (CG)

Semester 1 2009/10

CG1 Lecture 2

The Actors and the Governance Equation

MA (CG)  2009/10

Semester 1

SMT&P:

Pensions Component

Lecture 2

Major issues in fund management and activity: Part 1

Overview

• • Size  and significance
• • Volatility
• • Impact on economic activity
• • The obligations of the State
• • The retreat of the State
• • The State’s influence over the management of funds
• • Taxation and pension funds
• • Mismanagement and fraud
• • Fund failure

Basic concepts and descriptions

• • Pensions structures considered
• • Proposals for State pension reform

Major issues in fund management and activity

Governance issues

Definitions of Corporate Governance

What is corporate governance?

“Official” definitions