“Impact investing is both exciting and daunting, as decades-old best practices do not yet exist. Sticking to the kind of framework we discuss here, and periodically revisiting those objectives over time, could be a great way to get everyone in an organisation or a family on the same page, and can help set an impact programme up for long-term success,” writes Erin Harkless, senior investment director at Cambridge Associates.
The following best practices are outlined in greater detail in Philanthropy Impact’s January 2017 “Expert Opinion” column:
- Impact Investing: A Growing Phenomenon
- Purpose, Priorities and Principles
- Governance Structures – Roadmaps for Effective Decision Making
- Choosing an Implementation Strategy
Read the related in-depth research paper that she co-authored with Rebecca Carland, The Foundation of Good Governance for Family Impact Investors: Removing Obstacles and Charting a Path to Action, here.