Director, Research

Victoria Tellez

Victoria photo

Victoria Tellez re-joined FCLTGlobal in 2023 following her time at the TPG Rise Fund, where she helped maximize impact for the world’s largest private equity impact investing platform. In this role, Victoria conducted impact and ESG assessments to inform capital allocation decisions in education, life sciences, healthcare, financial inclusion, and climate sectors. 

Prior to TPG, Victoria was part of the FCLTGlobal team for four years as a Senior Research Associate and is thrilled to continue contributing to its mission as Associate Director. 

Victoria holds a B.S. in Labor Relations from Cornell University and a M.Sc. in Social Policy from The University of Pennsylvania, where she was the singular recipient of the Wilson-Spigner Social Policy Excellence award. 

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Resources by Victoria Tellez

Governance | Report

Holding the Long View: Board Equity Ownership and Its Impact on Corporate Performance

By Victoria Tellez

13 April 2026 - This research, conducted in collaboration with MSCI Institute and leveraging data from MSCI Solutions, examines how director equity ownership shapes long-term outcomes across more than 2,100 global public companies. The findings are clear and consistent across markets: when directors — particularly independent directors — hold meaningful, sustained equity stakes, companies deliver stronger long-term performance.

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Risk and Resilience | Article

A New Operating System in the Age of Activism

By Victoria Tellez

3 February 2026 - In 2025, activists launched a record 255 global campaigns, topping the prior peak from 2018 and rising about 5 percent year over year. Q3 alone set a quarterly record with 61 campaigns. For corporate boards, scrutiny is intensifying, expectations are rising, and both strong balance sheets and weak governance can attract attention from activists.

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Governance | Article

CEO Tenure is More Important than the CEO-Chair Debate

By Victoria Tellez

28 January 2026 - In governance circles, few topics generate more debate than whether the CEO should also serve as board chair. Regulators in some markets have taken firm positions, and activists often argue that separation between the two roles is a universal best practice.

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