Read: Time for a regulatory overhaul: CFA chair Her efforts, he says, led to the CFA Institute’s current Future of Finance campaign.
Members can record credits easily using their online PL tracker.Aaron Low, vice-chair of CFA Institute’s board of governors, credited Franklin for persuading the global CFA Institute board (of which is former chair) to consider being more bold in its advocacy.
#Marg franklin professional
Professional Learning for CFA Institute MembersĬFA Institute members are empowered to self-determine and self-report professional learning (PL) credits earned, including content on Enterprising Investor. Image courtesy of Financial News/SIMON WILLIAMS PHOTOGRAPHY As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer. If you liked this post, don’t forget to subscribe to the Enterprising Investor.Īll posts are the opinion of the author. “You are in a position to make change,” she said. More of us at the table normalizes gender.”
#Marg franklin how to
In a 2017 CFA Institute survey of institutional investors, she noted, most respondents said they believe that gender diversity in investment teams leads to better performance through the integration of diverse viewpoints.įranklin challenged the room to think about how to effectively bring about the “necessary changes to be a meaningful player in a better world, delivering both alpha and positive impact in the communities where capitalism can be a force for good.” One way to address these challenges is through gender, Franklin said. There is a third dimension which must be considered, which is impact.” Our business has historically been managed on two dimensions - risk and return. We are in the early but critical days of ESG investing, and the time imperative is pressing. “We are also charged with more deeply understanding and addressing the consequences of our businesses.
“We face all of these challenges during a time of massive consolidation and compression in each and every part of our industry,” she said. Those six words are especially important at the current moment. Generating enough profit to reinvest in the firm so it can survive and thrive over the long term - but not so much profit that it contributes to unsustainable inequality.įranklin reminded the audience that the CFA Institute mission is “to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society” and that she was on the Board of Governors when the final six words - “for the ultimate benefit of society” - were added.Navigating rising and increasingly complex risk.Delivering the returns our clients need amid a low-rate, low-return environment.As it is, the ranks of women and other historically underrepresented populations are woefully low in the investment management industry.įranklin said the challenges facing the investment management profession are “unparalleled” and that senior leaders have to negotiate a trio of key but competing priorities: This cognitive trap that she illuminated doesn’t bode well if we believe that incorporating diverse perspectives into the investment decision-making process will drive better outcomes for investors. So Franklin called on the investment industry to not only deliver alpha but also to drive positive change. And there aren’t enough of us who look like them.” Even though you probably need diversity more at the moment that you have a crisis, it’s in fact the moment that you turn to people who are just like you, people you can trust. “When a crisis comes, leadership relies not on stats and data, but rather on judgment and trust. “Inevitably, there will be a serious market correction that will test senior leaders’ commitment to diversity,” Franklin said.
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