abstract:Institutional memory is a collective set of facts, concepts, experiences and know-how held by a group of people. As it transcends the individual, it requires the ongoing transmission of these memories between members of this group.
Mr Pollock would prefer to see the task go to an independent advisory body, manned by economic heavyweights to provide institutionalmemory of past crises.
The hope here is that a huge business can provide the support and expertise needed to keep our project going, and that it will survive in institutional memory--even if the employee in charge of it today drops the ball, someone else will pick it up.