Backgrounder: Culture and investment performance

Portfolio Construction Forum | 21 August 2017

"Organisational culture refers to the basic values, norms, beliefs, and practices that characterize the functioning of a particular institution … it defines 'the way we do things here'."
- Columbia Accident Investigation Board, 2003¹

As the US space shuttle Columbia re-entered Earth's atmosphere on 1 February 2003, the orbiter suffered a catastrophic failure, causing it to disintegrate over the states of Texas and Louisiana. In technical...