One of the biggest investment decisions a board will make is determining how much control they want the investment committee to have over managing assets. This choice hinges on what level of decision-making and execution the board wants the investment committee to handle internally vs. to outsource to an investment consultant.
The insourcing vs. outsourcing decision is not an either/or proposition. There is a spectrum of options available, allowing boards to determine what level of discretion is appropriate for their organization.
