Resources
We conduct original research on the causes of short-term business decisions and work to find practical solutions.
Report
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...
Report
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...
Investor-Corporate Engagement | Report
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...
Report
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...
Report
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...
Governance | Report
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...
Strategy | Report
23 March 2015 - In a recent survey of public and private pension plans and sovereign-wealth fund managers, respondents overwhelmingly agreed that while the ability to invest long term is an advantage, they do not necessarily have an effective set of implementation strategies/tools to help them realize their aspirations to be long term.
Investor-Corporate Engagement | Report
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...
Report
10 March 2015 - Insights from FCLT's Long-Term Value Summit, where more than 120 senior global leaders from all parts of the investment value chain, including asset owners, asset managers, corporate boards and management, met in New York in March 2015.
Strategy | Report
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...
Governance | Report
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...
Report
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...