Asset allocation and governance at the Imperial Tobacco pension fund in the mid-20th century
Journal: LSE Press eBooks
Year: 2025

This case is concerned with exploring the relationship between the practice of management as an internal set of rules and management as interacting and advocating standards that relate to external rules relating to governance. It highlights the reasons that managers engage with professional standards as part of their management practice. More generally, the case is an opportunity to consider cultural changes in the approach to governance.