Risk and Resilience | Article
9 July 2019 - On 30 May, FCLTGlobal Members and guests met in Boston for a peer-to-peer discussion on managing risk to support long-term value creation. The Forum on Risk: A Balancing Act provided a venue for participants to exchange examples of multi-horizon risk management, including successes in practical applications and challenges with implementation.
Risk and Resilience | Video
9 July 2019 - An interview with with Rocky Ieraci and Steven Richards from the Canada Pension Plan Investment Board.
Risk and Resilience | Video
9 July 2019 - An interview with with Fred Gjerstad from Washington State Investment Board.
In the News
1 July 2019 - FCLT Global, a non-profit organization led by institutional investors including BlackRock and the Canada Pension Plan Investment Board, has released new guidelines that aim to help allocators and asset managers become better long-term investors.
Stakeholder Capitalism | Toolkit
10 June 2019 - Effective stewardship codes help promote a mindset of shared ownership between investors and investees and are an important mechanism for investors to maximize long-term value creation. At the core of stewardship is deliberate monitoring and regular engagement between investors and investees. In response to client and beneficiary demand, asset owners and asset managers alike are dedicating resources to stewardship. To facilitate this work, FCLTGlobal has reviewed stewardship codes from around the world, gathered input from our expert members, and compiled a user-friendly checklist of key questions....
Stakeholder Capitalism | Toolkit
10 June 2019 - A good stewardship code helps clarify the responsibilities of institutional investors, laying out core principles to foster a shared understanding among stakeholders including regulators, investors, and investees. To ensure that stewardship codes put primary emphasis on long-term value creation, FCLTGlobal has worked with its members to identify seven principles of long-term ownership that could be incorporated into new or revised stewardship codes. These codes represent the highest common denominator of high-quality codes around the world, using principles that are equally applicable for asset owners and asset...
Stakeholder Capitalism | Toolkit
10 June 2019 - Stewardship codes can help investors articulate their guiding principles and enhance long-term value creation for beneficiaries. Increasingly, asset owners and asset managers alike are dedicating real resources to implementing stewardship codes — including the central tasks of monitoring key metrics and regularly engaging with investees. These responsibilities can rest with centralized stewardship teams or become a shared responsibility across departments. Drawing on the expertise of our members, FCLTGlobal has compiled this conversation guide to help stewardship, proxy voting, responsible investing, and environmental, social, and governance (ESG)...
In the News
5 June 2019 - Apple’s share price tumbled, bringing the rest of the market temporarily down with it. But that forecast Apple missed, known on Wall Street as quarterly “guidance,” is falling out of favor among many corporations, with some of the biggest names in business pushing for an end to one of the most common ways investors value companies.
Article
4 June 2019 - The expertise and rich experience of FCLTGlobal’s researchers is part of what makes our work unique and incisive. A prime example is Senior Research Fellow Bruce Shaw, the former CFO of Holly Corporation (later President of Holly Energy Partners) who is working on a study of long-term thinking among CFOs and assembling a checklist CFOs can use to ensure they stay focused on long-term success. Our Director of Research Communications, Evan Horowitz, sat down with Bruce to talk about his work and life. Hi Bruce. Thanks for much...
Mandates | Video
29 May 2019 - Institutional investment mandates constitute a mutual mechanism to align the asset managers’ behaviors with the asset owners’ objectives. These contracts define the relationships between asset owners and asset managers and play a crucial role in ensuring the success of these relationships over time.
Governance | Article
28 May 2019 - Building a long-term culture requires a clear and active commitment from a company’s leadership, as they have the unique stature to establish long-term strategies and support long-term initiatives throughout the organization. Long-term Habits of a Highly Effective Corporate Board, FCLTGlobal’s latest research on how corporate board’s impact company performance, identifies several established practices boards can employ in order to develop and eventually realize a farsighted strategic plan. These include: spending more time on strategy (regulatory and compliance-related tasks often consume significant board attention); holding company stock...
