Investment Committee.

The Investment Committee is the primary authority on developing the institution's investment policy strategy and objectives.

  • Build Trust.

    Move away from a transactional mindset and towards genuine long-term relationship building. Honesty and accountability are key, especially when things go wrong or mistakes are made. This means being vulnerable and speaking truth to power, sometimes even within your own institution.

    Be Accountable.

    Set up accountability structures within your institution to ensure community feedback, insight, and decisions are captured and acted on in a timely and meaningful manner. Frequent temperature checks gauging community sentiments towards your participatory efforts help measure the success of your journey and identify any needed course corrections.

    Model Transparency.

    Clear and complete information is needed for community members to meaningfully participate. You can set the tone by ensuring any information shared is direct, understandable, and omits jargon. Information should be provided promptly—in a timely manner, in the written, visual, or oral formats most helpful to your community. Any requests should come with reasonable turn-around times.

    Compensate.

    Community members should be compensated for their time and expertise. This also means addressing other barriers to participation such as childcare and transportation. Community members are often asked for their opinions and input without remuneration. This perpetuates power dynamics and wealth inequities. Make sure to carve out a budget to compensate for participants’ time and effort. For more information on equitable compensation practices click here.

    Provide Clear Entry and Exit Points.

    Have clear timelines and milestones so the community can make informed decisions about engaging. Give clear direction on how community members can begin to engage, and how they opt out or stop. Consider exploring onramps and off-ramps to committees, positions on board, etc. to limit ambiguity and confusion.

    Allocate Resources.

    Dedicate resources such as time, team capacity, and budget to ensure that best practices are met throughout the process. This work takes significant staff capacity, relationship capital, time, and capital. It requires long-term commitment and dedicated budgets to match intentions.

    Shift Power not Burdens.

    While power sharing is important, it’s also important not to relinquish responsibility. Placing additional responsibilities on the community may also place undue burden. Institutions have access to resources and capacity that the community does not. Institutions should work with the community to identify the places they can absorb responsibilities, tasks, and work, to make it easier for the community.

    Set Expectations.

    Institutions must clearly communicate what is malleable and what is immutable within a process so community members can set their expectations accordingly. Knowing and clearly communicating where change is possible and where input matters targets the participatory process towards things that are influenceable. It also prevents community members from feeling like their perspectives and engagement weren’t respected. Before communicating this, institutions must internally understand where and how changes can be made.

  • Non-Participation

    Denying access to information, withholding information, or otherwise not sharing information as a result of unconscious or conscious exclusion. It can be intentional, such as when aiming to reduce harm before incorporating community voice.

    Inform

    Providing objective, relevant, and accessible information in a timely manner regarding decisions that have already been made. The information isn’t just clear and understandable, but it’s transparent and provides the context needed to make sense of it.

    Consult

    Gather input to obtain feedback, experiences, expertise, etc. through clearly defined channels controlled by your organization.

    Involve

    Ensure assets, needs, and concerns are integrated into processes and inform planning through bilateral processes that give everyone an opportunity to influence the direction/outcome. Involving the community includes more one-time engagements.

    Collaborate

    Ensure the capacity for the community to be in a substantive partnership role in decision-making and the implementation of decisions. Collaborating with the community includes more ongoing partnerships.

    Share Power

    You foster democratic participation and equity by sharing decision-making power. Confirm you are sharing power by tracking your efforts through continued conversation with your community to ensure they feel like they have the information and agency to make decisions.

Non-Participation - Our community may not be aware that there is an investment committee, or we don’t share information about the makeup or roles of the committee, what is discussed or their operations.

Next Steps +

Assess what kind of non-participation your org engages in:

  • Exclusionary Non-Participation

    • Investment committee member decisions are made internally and are not shared out.

  • Harm Reduction

    • Revisit your investment committee member roles, responsibilities, relation to staff, term requirements, and anything else pertaining to how the investment committee is run and identify opportunities for more equitable and inclusive policies.

  • Shift from exclusionary to harm reduction or subsequent participatory strategies.

Inform - We publicly share information about the investment committee—things like membership, strategy, terms and tenure of members, anything pertaining to how the investment committee is run, etc.

Next Steps +

  • Publicly share Investment Committee members and the process for becoming a member.

  • Publicly share investment committee priorities, roles, responsibilities, terms, etc.

  • Announce when there are openings in the investment committee.

Consult - We gather feedback from our community to support decisions that we make about our investment committee.

Next Steps +

  • Survey the community to determine criteria for investment committee members.

  • When an Investment committee seat opens up, have an open call for referrals/suggestions/applications.

  • Have investment committee members regularly attend community meetings and share out learnings with the full committee.

Involve - We consult our community members to help shape and inform the investment committee..

Next Steps +

  • Facilitate a singular workshop or meeting where community members discuss feedback, input, and suggestions with the investment committee.

  • Host a conversation with the community to give input on who should be on the investment committee.

Collaborate - Community members play an active role in shaping our investment strategy through meaningful processes they own, membership on advisory boards, or other formal power-holding structures.

Next Steps +

  • Have a separate community investment committee that collaborates with the investment committee to develop priorities, and IPS.

  • Hold regular meetings with the community to discuss investment committee policies and procedures.

  • Develop an ongoing engagement process to gather community perspective on investment committee membership and performance including strategies for filling any openings.

  • Workshop the definition of what it means to have community voice, visibility, and power in your institution with your community and your board.

Share Power - We have numerous opportunities for community members to meaningfully engage with and make decisions on our investment process, and our investment committee is proportionally representative of the communities we serve.

Next Steps +

  • Investment committee consists of majority/entirely community members with voting power.

  • Allow community members to select investment committee members.

  • Allow community members to drive some investment committee topics or priorities.

  • Re-design investment committee structure to be more participatory and think outside the box of traditional decision making processes

  • Get rid of your investment committee and co-create new decision making mechanisms with your community to control your investment decisions.