Risk and Resilience | Report

Ahead of the Curve: Factoring the Cost of Carbon Into Long-Term Decision-Making

By Allen He, CFA, FRM, Joel Paula, CAIA, Jessica Pollock

14 July 2025 - Climate change is a force reshaping the global economy—and will influence capital allocation for decades to come. Climate-related risks and externalities, especially carbon emissions, are becoming material to long-term financial decision-making.

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Investor-Corporate Engagement | Article

Voting for Value: Reforming Proxy Systems for Lasting Impact

By Olivier Lebleu, CFA

23 June 2025 - The global proxy system is at a crossroads. Frustrations from investors and issuers in the proxy process are leading to frequent headlines from both camps calling for reform, but solutions have been elusive. Furthermore, frustrations with the proxy process are often cited as one of the reasons companies question the need to be publicly listed, especially given the rise of private markets investing in the last decade.

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Innovation, Investor-Corporate Engagement | Podcast

Going Long Podcast: Wafra’s Adel Alderbas on Building Capital Constellation and the Future of GP Staking

27 May 2025 - “We have the humility of an LP, but we also have the rigor of a GP. So, when you combine those two, you get something like Capital Constellation, which is a very innovative collaborative ecosystem of asset owners and asset managers.”

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Governance | Case Study

The Role of a Robust Governance Model in Ensuring Business Perpetuity

By Votorantim and FCLTGlobal

15 September 2025 - Votorantim is a real-world example of how long-term boards align company values with strategic vision. The company’s governance structure operates on three interconnected axes, represented by distinct but complementary bodies: Ownership – The Board of Hejoassu, Votorantim’s shareholder. Family – The shareholder family Board. Business – Votorantim S/A, led by two collaborative entities: the Board of Directors and the Management Teams of Votorantim and its portfolio companies. A challenge Votorantim navigates is its positioning as a company based in a developing country while operating across developed markets. The company...

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Article

Rethinking the Emerging Markets Exit: AI, Supply Chains, and the Case for Patience

By Jessica Pollock

22 April 2025 - From strategic supply chain realignment to national investments in AI and digital infrastructure, several emerging markets (EM) are laying the groundwork for building structural resilience. While not evenly distributed, these trends are already reshaping the long-term opportunity set in select economies.

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The CEO's Guide to the Investment Galaxy by Sarah Keohane Williamson provides indispensable insights for business leaders navigating the landscape of the global investment community. Not all shareholders are created equal. Knowing who your shareholders and the other members of the investment community are―and what drives them―is key to your success. Whether you're stepping into a CEO role at an established company or spearheading a promising start-up, this guide demystifies the diverse members of the investment community you will encounter, from pension funds to private equity firms to proxy advisors, and provides practical advice to help attract the shareholders who can support you in building a great company.

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