The FCLTGlobal team is deeply saddened by the unexpected passing of Cyrus Mistry and extends its condolences to his family and friends. During his time as the chairman of Tata Group, Cyrus was instrumental in the founding of FCLTGlobal and graciously provided his time and insight as a member of our inaugural board of directors.
“Aside from Cyrus’ role in building our organization, he was a good colleague and friend, and we benefited greatly from his guidance. I was shocked to learn of his passing, and look back fondly on the time he spent as part of the FCLTGlobal community,” said Sarah Keohane Williamson, FCLTGlobal’s CEO. “In fact, he came up with the name ‘FCLTGlobal’ himself, so, in a quite literal way, we would not be here without him. Our thoughts are with his friends and family at this time.”
Cyrus Mistry (3rd from right) at the launch of FCLTGlobal in September 2016.
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Press Release
28 September 2016 - New York, September 28, 2016 – FCLT Global (formerly “Focusing Capital on the Long Term”) announced today its Board of Directors and global membership, marking its transformation from an initiative to an independent not-for-profit organization dedicated to encouraging long-termism in business and investment decision-making. In conjunction, FCLTGlobal released a whitepaper, with new data from aMcKinsey Quarterly survey panel, highlighting the challenges and costs that senior business executives world-wide are facing with the rise of short-termism. Key findings include: 87% of executives report feeling the most pressure to demonstrate financial results within two...