Resources
We conduct original research on the causes of short-term business decisions and work to find practical solutions.
Press Release
13 November 2018 - 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...
Toolkit
25 October 2018 - We are exploring the most effective ways for corporations to communicate their long-term plan and prospects to the investment community.
Strategy | Article
18 October 2018 - FCLTGlobal, with its Members, is developing practical tools to address the issue of balancing long- and short-term risks. Part of the process includes interviews with experts in the area of assessing, managing, and planning for investment risk. Below is the next in this series with Emily Haisley, Behavioural Finance Director at BlackRock. FCLTGlobal: We appreciate the chance to speak with you today. To begin, I’d like to know if you think that there are any commonly overlooked aspects of risk that long-term investment organizations need to measure...
In the News
12 October 2018 - “That would allow greater flexibility & save money. I have asked the SEC to study!” he tweeted. Quarterly reporting seems like a good thing — transparency ensures informed decision-making by investors. And critics of Trump’s idea have cited concerns over a lack of transparency leading to increased investor risk. Yet in practice, quarterly reporting has evolved into a system of managing primarily for the quarterly numbers, with a net result of distorting financial performance negatively, much in the way teaching students solely to perform well on a...
Investor-Corporate Engagement | Article
9 October 2018 - A version of this post was first published on Harvard Law School Forum for Corporate Governance and Financial Regulation. Thank you to our Member organizations who contributed to the writing of this article. By now, most business-watchers have seen the president’s tweet asking the Securities and Exchange Commission (SEC) to study the requirement that US public companies release earnings quarterly. With this message, President Trump has focused attention on the short-term mentality that too often characterizes American business. The tweet, which followed his discussion with Pepsi CEO Indra Nooyi about...
Strategy | Article
9 October 2018 - FCLTGlobal, with its Members, is developing practical tools to address the issue of balancing long- and short-term risks. Part of the process includes interviews with experts in the area of assessing, managing, and planning for investment risk. Below is the next in this series with Will Kinlaw and David Turkington, Senior Managing Director and Senior Vice President at State Street Associates, respectively. As State Street’s academic affiliate, State Street Associates is a unique partnership that bridges the worlds of financial theory and practice. SSA develops risk, investor behavior...
Article
5 October 2018 - The fifth annual Milken Institute Asia Summit, held from 12-14 September in Singapore, gathered global leaders to address the trends, innovations, and disruptions transforming the Asia-Pacific region, and provided actionable steps to effectively prepare for the inevitable transition. The Milken Institute hosts annual events that bring together the top minds from every industry and sector to find collaborative solutions to common problems. FCLTGlobal and many of our Member companies were fortunate enough to take part in the annual Asian gathering, including in an off-the-record roundtable on...
In the News
1 October 2018 - To attract these investors, companies need to develop, communicate, and execute a long-term value-creating strategy. CFOs, finance organizations, and management accountants can play a pivotal role in helping companies refocus their strategic performance measures and deployment of resources toward greater long-term value creation.
Strategy | Article
25 September 2018 - Investors often face a challenge of meeting long-term obligations and maintaining the support of their constituents along the way. In particular, they need investment strategies to meet their long-term obligations, but current risk communications, behaviors, and measurements can interfere. FCLTGlobal, with its Members, is developing practical tools to address the issue of balancing long- and short-term risks. Part of the process includes interviews with experts in the area of assessing, managing, and planning for investment risk. Below is the first in a series of discussions, featuring...
Strategy | Article
10 September 2018 - FCLTGlobal’s research is designed to find practical solutions that encourage farsighted decision making within the investment industry. The work we do is primarily intended to explore how every actor on the investment value chain – corporations, asset owners, and asset managers – can put theory into action and reorient themselves and their counterparts toward the long-term. In order to arrive at the “how”, however, we must also explore why investors continue to make short-term decisions that sacrifice long-term value. A team of researchers at the University...
In the News
9 September 2018 -