Long Term Performance Management in Finance - An Introduction

Emeritus Gresham Professor of Commerce, Alderman Michael Mainelli opens the Long Finance Spring Conference 2014 and welcomes the audience to Bank of America Merril Lynch. The talk begins to explore the themes that will be discussed during the conference and illuminates the aims of the seminar.

Moving away from short-term performance measurement is regularly advocated in finance. However, ‘long’ does not necessarily mean ‘good’. Most theorists believe 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’? If we adopt ‘measurement’, are we excising the long term? This event will explore suggestions for reforms of long-term measures in finance.

This event is supported by Bank of America Merrill Lynch, City of London Corporation and Z/Yen Group.  For more information about Long Finance see www.longfinance.net

For a selection of photographs taken at this event, please visit the Gresham College Flickr page.