THERE’S MORE TO BEING GLOBAL THAN HAVING FAR FLUNG OPERATIONS

The National Investment Company Services Association (NICSA) will have its 32nd Annual Conference this February. The conference has been rebranded as a Strategic Leadership Forum with the topic centering on Globalization. (Officially – and redundantly – it is: “Managing the Investment Firm in a Global World”). NICSA is not alone in recognizing the need financial …

INNOVATION, FAILURE AND IT GOVERNANCE

The connection between failure and innovation is twofold. On the one hand the inability to innovate can lead to failure as Clayton Christensen pointed out in the Innovator’s Dilemma: “Occasionally however, disruptive technologies emerge: innovations that result in worseproduct performance, at least in the near-term. Ironically, in each of the instances studied in this book, …

RESPONDING TO DODD FRANK

Three years after passage Dodd-Frank is still generating controversy as evidenced by an article in this morning’s New York Times.  The current contentiousness centers on the desire of the Commodity Futures Trading Commission (CFTC) to regulate certain overseas derivative activities of American-based banks, foreign institutions and hedge funds.  According to the Times the regulations would …