Governance
The Decision Record
If your bank sits on your investment committee, everything on their shelf arrives pre-approved. If nobody sits on your investment committee, nothing is ever written down.
What we do
We chair it.
Four meetings a year, papers circulated in advance, a standing register of conflicts and exceptions, minutes signed and held in the system.
We have nothing on a shelf. No product, no mandate, no commission, no relationship to protect. The only thing we bring into the room is the questions the people selling to you are not going to ask themselves.
What actually happens in a meeting
- Performance and cost against policy.
- Every breach and drift since the last meeting, with a decision on each.
- Any manager on watch, with the case for and against.
- Pipeline and commitments against forward liquidity.
- Every proposal received since the last meeting, with the desk's memo attached.
- Conflicts declared and recorded.
- Meeting
- Q2, 14 May — chaired by Tenaros
- Matter
- Private markets allocation, 31.2% against 25% ± 5
- Decision
- No forced sale. Pause new commitments until Q4; revisit against the call schedule.
- Dissent
- None recorded
- Conflicts
- None declared by attending parties
- Version
- v3, signed, immutable
Why the record is the product
The meeting is useful. The record is what has value in five years.
When a family member asks why a position was taken, or a trustee has to demonstrate process, or a next generation inherits a portfolio and needs to know what was known at the time.