Does measuring long-term success actually destroy the long term?
In short: Professor Michael Mainelli explores the paradox of financial governance: if we move away from short-term metrics, do we lose the ability to measure progress entirely? This talk examines the tension between management and the very goals it seeks to achieve.
The central conflict in modern finance is the shift away from short-term performance measurement. While 'long' does not inherently equate to 'good,' most theories suggest that measurement is the essential first step for any form of governance—whether it be scientific, commercial, or political.
Conversely, if we insist on rigorous measurement, do we inadvertently force a focus on the immediate? The conference explores potential reforms for long-term measures that balance these competing needs.
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Sources
- Summary by Intellect · source: Long Term Performance Management in Finance: An Introduction - Professor Michael Mainelli
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