Boston, MA, 13 November 2018 – On Monday in Dubai, FCLTGlobal CEO Sarah Williamson co-chaired the World Economic Forum’s Global Future Council on Long-term Investing at the group’s Annual Meeting of the Global Future Councils. The group met over the course of the two-day conference to discuss current global business trends and how to integrate practices that can rewire capital markets toward a longer-term investment philosophy. Also co-chairing the was Alison Tarditi, Chief Investment Officer of Australia’s Commonwealth Superannuation Corporation.

The World Economic Forum’s Global Future Councils are an interdisciplinary knowledge network dedicated to promoting innovative thinking to shape a sustainable and inclusive future. The network convenes more than 700 thought leaders from academia, government, business and civil society, grouped in expertise-based, thematic councils. A forthcoming report will outline potential future states of the global capital markets.

“This meeting has given us a chance to bring about a solution to short-termism in capital markets from the inside out. Those who participated are leaders in their field and are uniquely positioned to bring about real change in markets around the world,” said Sarah Williamson. “The World Economic Forum has long been a champion of the importance of long-term investment behaviors; we’re thankful that others are recognizing the urgency of the issue and glad to be able to contribute in such a practical way.”

The Global Future Councils’ mandate is to advise on a vision for progress in the specific areas of expertise, in this case creating a practical path forward for more universal long-term investments. In order to meet this mandate, the Global Future Council on Long-term Investing was comprised of leaders from some of the world’s foremost asset managers, institutional investors, and corporations. Members of the Global Future Council on Long-term Investing includes FCLTGlobal Members EY, GIC, the Washington State Investment Board, and the New Zealand Superannuation Fund. Recent iterations of the Global Future Council on Long-term Investing have produced formative reports such as Managing Investment Risk for the Long Term (2018) and Innovations in Long-Term Capital Management (2016).

The Annual Meeting of the Global Future Councils was held on 11-12 November at the Madinat Jumeirah in Dubai, United Arab Emirates.

About FCLTGlobal

FCLTGlobal is a 501(c)(3) not-for-profit dedicated to developing practical tools and approaches that encourage long-term behaviors in business and investment decision-making. It takes an active and market-based approach to achieve its goals.  By conducting research and convening business leaders, FCLTGlobal develops tools and generates awareness of ways in which a longer-term focus can increase innovation, economic growth and future savings.

FCLTGlobal was founded in 2016 by BlackRock, Canada Pension Plan Investment Board, The Dow Chemical Company, McKinsey & Company, and Tata Sons out of the Focusing Capital on the Long Term initiative. Its membership encompasses asset owners, asset managers and corporations from around the world. Please visit www.fcltglobal.org for more information.

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