Resources
We conduct original research on the causes of short-term business decisions and work to find practical solutions.
Investor-Corporate Engagement | Article
9 October 2020 - On 24 September, FCLTGlobal hosted the Forum on Engagement, a conversation led by a panel of six investment and investor relations experts, to consider these questions and discuss the implications of shifting engagement practices for long-term value creation.
Investor-Corporate Engagement | Report
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.
Investor-Corporate Engagement | Toolkit
6 October 2020 - In the right circumstances, buybacks can further long-term goals; new tools and guidelines could help evaluate buybacks on their long-term merits.
Investor-Corporate Engagement | Podcast
5 October 2020 - Amid today's evolving global business environment, corporate-level long-term thinking is more important than ever. Paul Polman, Co-Founder and Chair of IMAGINE and former CEO of Unilever, discusses the need for long-term perspectives in many professional capacities.
Governance | Report
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.
Article
25 September 2020 - Globally, companies have increasingly favored buybacks over the past two decades, so much so that they have nearly surpassed dividends as the most utilized means for companies to return capital to their shareholders.
Investor-Corporate Engagement | Article
23 September 2020 - The U.S. Securities and Exchange Commission has proposed a change in the reporting threshold for institutional investment managers. Read FCLTGlobal's full comment letter below, which asserts that there are alternative ways to modernize 13F reporting, and small investors and a transparent relationship with companies must not be forgotten.
Risk and Resilience | Video
9 September 2020 - For many investors, asset allocation begins with an estimate of volatility, producing the most stable portfolio of assets that still can earn the target return. An assumption underpins this process – that volatility has a mathematically-certain relationship with time. That assumption is empirically false, and the ramifications for diversification and strategic asset allocation are enormous. Learn more from experts at State Street Associates about how the choice of risk timeframe influences a portfolio’s long-term success.
Risk and Resilience | Video
9 September 2020 - For many investors, asset allocation begins with an estimate of volatility, producing the most stable portfolio of assets that still can earn the target return. An assumption underpins this process – that volatility has a mathematically-certain relationship with time. That assumption is empirically false, and the ramifications for diversification and strategic asset allocation are enormous. Learn more from experts at State Street Associates about how the choice of risk timeframe influences a portfolio’s long-term success.
Press Release
4 September 2020 - Alan Jope is the Chief Executive Officer at Unilever and has been with the company for over 35 years. Unilever has been a FCLTGlobal Member since the start in 2016 and has been actively engaged with its work and programming since. Earlier this year, Mr. Jope was a panelist at FCLTSummit 2020, speaking in our Funding the Future: Investments in Innovation session. Kewsong Lee currently serves as Co-Chief Executive Officer of Carlyle and will assume the role of Chief Executive Officer effective September 30, 2020. Carlyle...
