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FCLTGlobal Review 2018: Laying the Foundation for the Long-Term

6 December 2018 - Two years ago, FCLTGlobal was established with a fundamental belief that long-term investing makes the world better for us all. Companies and their investors benefit by focusing on the long term, to be sure, but...

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Summary Report: 2018 Focusing Capital on The Long Term Summit

29 March 2018 - We very much appreciate the time and energy of all those who made this a highly productive day devoted to discussing practical actions to encourage long-term business and investment decisions. We were encouraged that leaders...

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Investor-Corporate Engagement | Report

Moving Beyond Quarterly Guidance: A Relic of the Past

23 October 2017 - Since 2005, research has consistently found that the vast majority of corporate executives think that short-term pressure is growing, that it is changing their business decisions, and that those changes are destroying value. One effective...

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Measuring the Economic Impact of Short-Termism

8 February 2017 - Corporate short-termism has been the subject of ongoing debate among leaders in business, government, and academia for decades, but hard evidence on the impact of short-termism on company performance and economic growth has remained scarce. To...

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Rising to the Challenge of Short-Termism

28 September 2016 - Discussions of corporate short-termism are often a microcosm of the issue itself. On the short view—say, 2009 to the present—things are looking up. CEO tenures, the average holding period for S&P 500 shares, and the...

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Governance | Report

Short-Termism on Boards: Insights From Canadian Directors and Executives

5 June 2015 - Canadian directors believe they have a responsibility to address short‐termism. Many believe there are specific actions they should be taking on their respective boards. Such are the results of a recent survey of the members...

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Strategy | Report

Investing for the Future: A Long-Term Portfolio Guide

23 March 2015 - Since the 2008 financial crisis, there has been plenty of discussion about the perils of short-termism, but concerted action to remedy them is lagging. In “Focusing Capital on the Long Term,” a Harvard Business Review...

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Investor-Corporate Engagement | Report

Straight Talk for the Long-Term

16 March 2015 - Short-term behavior is becoming the norm in modern capital markets. Rather than pursuing and communicating long-term strategies, many public companies dedicate significant resources to meeting quarterly earnings guidance and communicating their performance relative to this...

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Long-Term Value Summit Discussion Report

10 March 2015 - On March 10, 2015, more than 120 executives, investors, board members, and other leaders from around the world gathered in New York City for the Long-Term Value Summit. Their mandate: to identify the causes and...

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Strategy | Report

A Roadmap for Focusing Capital on the Long term

1 March 2015 - Asset owners, asset managers, corporate directors, and managers have the ability to unlock system-wide change, yet today too many of these individuals are the source of short-term pressure. An ideal market will always include a...

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Governance | Report

Where Boards Fall Short

2 February 2015 - Boards aren’t working. It’s been more than a decade since the first wave of post-Enron regulatory reforms, and despite a host of guidelines from independent watchdogs such as the International Corporate Governance Network, most boards...

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Perspectives on the Long-Term

1 January 2015 - The short-term thinking that pervades our boardrooms, our executive suites, and our financial markets has been spreading for years, slowly impeding the ability of companies to make the kinds of bold investments in the future...

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