The chief investment officer (CIO) is a Board-level executive, responsible for investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as the liaison with investors, and recognize and avoid serious risks, including those never before encountered, [1][2][3] the emphasis being a function of the specific industry. Boards will often create an "Investment Committee" responsible for overall Investment policy, and independent oversight of the specific corporate governance concerns here. [4] Smaller firms may outsource the position [5] to an "OCIO".
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