Latitude
Principles
Principles that shape judgement.
A small number of enduring principles guide how Latitude approaches decisions, relationships and complex situations.
Clarity before complexity
Complex situations rarely benefit from unnecessary complication.
We seek to understand the essential issue first: the objective, the constraints, the interests involved and the consequences of the available choices.
Clarity creates the basis for better judgement.
Judgement over convention
Established practice can be useful. It should not replace independent thought.
We do not assume that the familiar answer is necessarily the right one.
Each situation is considered on its own merits, with attention to context, commercial reality and the objectives of those involved.
Alignment of interests
Durable outcomes depend on alignment.
We consider not only whether interests can be brought together, but whether the resulting structure is capable of remaining balanced over time.
Clear expectations, transparency of purpose and a proper understanding of incentives are central to this process.
Selectivity and discipline
Not every opportunity should be pursued.
We believe selectivity is an important form of discipline.
Time, attention and reputation are finite resources. We therefore favour situations where there is a clear rationale for involvement and where we believe thoughtful contribution can make a meaningful difference.
Long-term perspective
Immediate outcomes matter, but they are rarely the whole picture.
Strategic decisions, transactions and ownership changes can shape a business for many years.
We therefore consider decisions in the context of their longer-term commercial, ownership and governance implications.
Consistency over time
Principles matter only when they are applied consistently.
We aim to bring the same standards of judgement, discretion and professionalism to each relationship and each situation, irrespective of size or circumstance.
