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10 March 2017 - We recently spoke to FCLT Global CEO Sarah Williamson following her attendance at the Asia Business Council 2017 Spring Forum in Vietnam, which focused on the need for patient capital and long-term stewardship at a time where there growing recognition among governments and businesses that traditional models are broken, as well as extraordinary pressure from stakeholders calling for the adoption of a longer-term view. Sarah shared her reflections on the Forum, the current state of long-termism in emerging markets, lessons learned from family companies in Asia, and the...
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1 February 2017 - We are pleased to announce that Randall Stephenson, Chairman and CEO of AT&T, has been appointed to the FCLTGlobal Board of Directors, and Larry Fink, Chairman and CEO of BlackRock, and Nitin Nohria, Ph.D and Dean of Harvard Business School, will serve as Strategic Advisors. Stephenson, who has been at the helm of AT&T since 2007, was previously the senior executive vice president and CFO of Southwestern Bell Telephone from 2001-2004, and the company’s COO. He is a member of the board of directors of Emerson Electric Co....
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14 December 2016 - Jonathan Bailey, Director of Research at FCLT Global, speaks to Carsten Stendevad about what it takes to build a long-term oriented investment organization. Carsten Stendevad is CEO of ATP, one of Europe’s largest pension plans with 5 million members and $120bn in assets. Under his leadership since April 2013, ATP has fundamentally redesigned its investment strategy and expanded its direct investment capability, delivering strong investment returns. ATP has also tripled the size of its benefit processing business, while substantially reducing operating costs. Carsten announced that he will step down...
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21 January 2016 - In FCLT’s March 2015 publication ‘The Long-Term Portfolio Guide‘, we argued that while progress has been made in the last few years with the creation of non-traditional indexes that are not solely focused on market capitalization, more could be done to design and utilize benchmarks that foster a longer-term orientation. If widely adopted by asset owners and managers, such benchmarks may well have the power to influence boards and management at investee companies, resulting in more efficient deployment of corporate strategies and capital aimed at...
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18 September 2015 - A group of corporate and investment leaders convened in Santiago, São Paulo, and Singapore to discuss the roadmap for focusing capital on the long term, identify how short-termism manifests itself in particular economies and solicit ideas for how local businesses and investors can enhance their long-term focus. The sessions in Santiago and São Paulo were co-hosted by CPPIB and McKinsey & Co, with CPPIB and GIC acting as co-hosts for the session in Singapore. Key highlights from these round-tables include: Short-termism is an issue with broad relevance: Participants challenged...
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10 March 2015 - On March 10, 2015 more than 120 senior global leaders from all parts of the investment value chain, including asset owners, asset managers, corporate boards, management and policymakers, gathered at the Long-Term Value Summit in New York. The Summit program was designed to take leaders on a journey: first reflecting on their personal roles as leaders; then examining the various challenges and actions that their respective link in the value chain must take; and, finally coming together to understand how true system-wide change can be effected. The...