Governance | Article
19 March 2019 - A chapter in the upcoming new edition of The Handbook on Board Governance focuses on the strategic benefits of long-term oriented boards, co-authored by FCLTGlobal’s Ariel Babcock and Sarah K. Williamson, and Dr. Robert Eccles (Said Business School). A well-functioning corporate board of directors wields the power to meaningfully influence the purpose, culture, and direction of an organization. This is often among a company’s greatest untapped strategic assets. While many boards of directors may display sound corporate governance principles, the most effective boards at leading companies for long-term value creation...
Governance | Article
17 October 2017 - FCLTGlobal’s Sarah Williamson, CEO, and Matthew Leatherman, Director of Research, recently sat down with Ronald O’Hanley to discuss the importance of long-term investing and the role of the board in affecting long-term change. Ronald O’Hanley is President and CEO of State Street Global Advisors, the investment management arm of State Street Corporation and an FCLTGlobal member. Sarah Williamson: What does long-term investing mean in a State Street Global Advisors context? Ron O’Hanley: As the third-largest asset manager in the world, we manage roughly $2.6 trillion, of which about $1.5 trillion in...
Governance | Video
15 August 2017 - Are markets and company boards too focused on the short-term? How should the weaknesses of corporate governance along the investment chain be addressed?
Governance | Article
2 August 2017 - Matthew Leatherman, Director of Research at FCLTGlobal, speaks to Theresa Whitmarsh about her commitment to longer horizon investing, corporate governance and the importance of being challenged by your board. Theresa Whitmarsh is Executive Director of the Washington State Investment Board, one of the United States’ leading institutional investors managing over $103 billion of state pension, insurance, and private assets. ML: Thank you for being part of our series of interviews with executive leaders in the FCLTGlobal membership community. What does long-termism mean to WSIB? TW: We have about 43 percent of our...
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 of the Institute of Corporate Directors (ICD). In June 2015, Dominic Barton and Mark Wiseman, Global Managing Director of McKinsey and President and CEO of Canada Pension Plan Investment Board (CPPIB) respectively, delivered a well‐received keynote address based on the findings of their HBR article Where Boards Fall Short. The address...
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 aren’t delivering on their core mission: providing strong oversight and strategic support for management’s efforts to create long-term value. This isn’t just our opinion. Directors also believe boards are falling short, our research suggests. A mere 34% of the 772 directors surveyed by McKinsey in 2013 agreed that the boards on which they...
