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Strategy, Investor-Corporate Engagement | Report

The Dangers of Buybacks: Mitigating Common Pitfalls

6 October 2020 - Returning capital to shareholders is an important and legitimate goal of many corporations. Buybacks are often an effective way to distribute capital, but care must be taken to mitigate downfalls related to personal gain and enrichment, poor timing, and excess leverage.

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Governance | Report

Corporate long-term behaviors: How CEOs and boards drive sustained value creation

1 October 2020 - Although the advantages of maintaining a long-term orientation are clear, the practical aspects of managing for long-term performance are less well understood. FCLTGlobal and McKinsey have published joint studies revealing a few things that long-term companies don’t do, such as invest modestly in R&D and use accounting methods to lift reported earnings. In this report, we build on that analysis to identify the behaviors that long-term companies consistently exhibit. We also propose actions that boards and executives can take to promote these behaviors.

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Strategy | Report

Funding the Future: Investing in Long-Horizon Innovation

9 August 2020 - R&D spending, especially long-horizon R&D project spending, faces a unique set of short-term pressures relative to other types of long-term investment. When facing short-term financial pressures, behavioral biases including manager risk aversion and uncertainty around forecasting potential future returns (among other...

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Investor-Corporate Engagement | Report

Making the Call: The Role of Long-term Institutional Investors in Activism

25 June 2020 - Having a strong investor/corporate dialogue well before an activist campaign arises is the way to encourage companies to proactively improve the drivers of long-term value creation—such as bolstering their governance, honing strategies for growth, and...

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Incentive Alignment | Report

Institutional Investment Mandates: Anchors for Long-Term Performance

15 May 2020 - Ensuring assets are managed in line with these long-term horizons is critical to achieving these goals. This presents a challenge, however, because assets are often managed by asset managers, distinct from the asset owners, and...

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Governance, Strategy | Report

Tone at the Top: The Board’s Impact on Long-term Value

23 April 2020 - Taking a long-term approach in business leads to superior performance.

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Investor-Corporate Engagement | Report

Power Play: The Long-term Impact of Multi-class Shares

15 April 2020 - While some companies take a “one share, one vote” approach to shareholder decision-making, others give disproportionate voting rights to founders or choose to offer multiple share classes, each with different voting power.

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Report

FCLTSummit 2020

6 March 2020 - Highlights from the 2020 Focusing Capital on the Long Term Summit

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Report

2019 Year in Review

26 December 2019 - 2019 Year in Review, which captures our notable research publications, global programming, and the contributions of the Member organizations that have guided us in 2019.

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Governance, Strategy | Report

Building Long-term Value: A Blueprint for CFOs

18 December 2019 - A company's CFO has a unique ability to drive long-term value creation for the organization.

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Predicting Success

Report

Predicting Long-Term Success for Corporations and Investors Worldwide

29 September 2019 - Through our research, FCLTGlobal aims to identify the key determinants of long-term success for companies and investors around the world. We then use this knowledge to encourage long-term behaviors across capital markets. This paper focuses on...

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Board

Governance | Report

The Long-Term Habits of a Highly Effective Corporate Board

29 March 2019 - It’s hard to focus on long-term goals with so many pressing, market-driven demands for quick rewards and quarterly projections. But companies that prioritize long-term needs tend to outperform peers that bow to short-term market pressure,...

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