Resources
We conduct original research on the causes of short-term business decisions and work to find practical solutions.
Governance, Investor-Corporate Engagement | Podcast
15 October 2020 - Carmine Di Sibio, Global Chairman and CEO of EY, joins the Going Long Podcast to share how EY embodies long-term principles in the way it does business.
Strategy | Video
14 October 2020 - Standard-setting and certification represent defaults of a profession, and for the investment risk profession these functions belong to the CFA Institute’s Global Investment Performance Standards (GIPS)and Global Association of Risk Professionals’ Financial Risk Manager (FRM) certification. Control of defaults is one of the most influential nudges, according to behavioral scientists. Long-term investors will note that these nudges can have encouraging, discouraging, or no impact on risk professionals’ long-term focus. FCLTGlobal will explore the nudges related to investment time horizon in this Risk Webinar episode featuring leaders from the CFA Institute and GARP, as well as a senior practitioner from Nuveen.
Video
14 October 2020 - Standard-setting and certification represent defaults of a profession, and for the investment risk profession these functions belong to the CFA Institute’s Global Investment Performance Standards (GIPS)and Global Association of Risk Professionals’ Financial Risk Manager (FRM) certification. Control of defaults is one of the most influential nudges, according to behavioral scientists. Long-term investors will note that these nudges can have encouraging, discouraging, or no impact on risk professionals’ long-term focus. FCLTGlobal will explore the nudges related to investment time horizon in this Risk Webinar episode featuring leaders from the CFA Institute and GARP, as well as a senior practitioner from Nuveen.
Governance, Strategy | Article
13 October 2020 - As summarized in Funding the Future: Investing in Long-Horizon Innovation1, returns to successful R&D are often significant and can be transformational for an organization. However, R&D spending (especially long-horizon R&D project spending) tends to be among the first places management teams cut when faced with short-term financial pressures. While companies can make a variety of changes across their strategy, governance, engagement, and incentive plans to combat this short-term behavior, investors, too, have a significant role to play in encouraging a more balanced approach to R&D...
Strategy | Video
12 October 2020 - For many investors, asset allocation begins with an estimate of volatility, producing the most stable portfolio of assets that still can earn the target return. Learn more from experts at State Street Associates about how the choice of risk timeframe influences a portfolio’s long-term success.
Investor-Corporate Engagement | Article
9 October 2020 - On 24 September, FCLTGlobal hosted the Forum on Engagement, a conversation led by a panel of six investment and investor relations experts, to consider these questions and discuss the implications of shifting engagement practices for long-term value creation.
Strategy, Investor-Corporate Engagement | Report
6 October 2020 - Returning capital to shareholders is an important and legitimate goal of many corporations. Buybacks are often an effective way to distribute capital, but care must be taken to mitigate downfalls related to personal gain and enrichment, poor timing, and excess leverage.
Investor-Corporate Engagement | Toolkit
6 October 2020 - In the right circumstances, buybacks can further long-term goals; new tools and guidelines could help evaluate buybacks on their long-term merits.
Investor-Corporate Engagement, Strategy | Podcast
5 October 2020 - Amid today's evolving global business environment, corporate-level long-term thinking is more important than ever. Paul Polman, Co-Founder and Chair of IMAGINE and former CEO of Unilever, discusses the need for long-term perspectives in many professional capacities.
Governance | Report
1 October 2020 - Although the advantages of maintaining a long-term orientation are clear, the practical aspects of managing for long-term performance are less well understood. FCLTGlobal and McKinsey have published joint studies revealing a few things that long-term companies don’t do, such as invest modestly in R&D and use accounting methods to lift reported earnings. In this report, we build on that analysis to identify the behaviors that long-term companies consistently exhibit. We also propose actions that boards and executives can take to promote these behaviors.
