ABSTRACT
Chapter Six is dedicated to the question of how impact and innovation can be sustained over time and beyond single organizations. An important, and often underappreciated, success factor is governance. Setting up and operating effective boards is challenging for both traditional corporations as well as impact enterprises. We summarize what we understand from experience as “best practice,” and we describe some areas where impact enterprises are different from more traditional corporations. We then address the important topic of impact measurement and management, which is an intrinsic characteristic of the term impact investing. We start this section by illustrating several personal impact stories across the elea portfolio of investments and then describe how elea's proprietary impact measurement method (eIMM) works in practice. In the last section, we go beyond the perspective of single organizations and discuss how partnerships can help to improve effectiveness and impact across entire ecosystems, and conclude with an appeal to actors across public, private, and civil sectors for improved levels of partnership and collaboration.
