A well recognized problem with public companies is their distraction with the short-term at the expense of the long-term. The clamor of shareholders, and even executive staff who have “aligned their interests with shareholders”, to meet quarterly goals can leave companies sensitive to such criticisms vulnerable to problems which may require long-term, resource-heavy solutions. This can range from products becoming obsolete to global environmental problems.<\/p>\n
Recognizing this, several companies have come together to create<\/a> FCLT Global<\/strong><\/em>:<\/p>\n FCLT Global is a not-for-profit organization dedicated to developing practical tools and approaches that encourage long-term behaviors in business and investment decision-making.<\/p>\n We take an active and practical approach to achieving our goals by conducting research, convening business leaders, developing educational resources and actionable recommendations, and generating broad awareness of ways in which a longer-term focus can increase innovation, economic growth and future savings.<\/p>\n FCLT began in 2013 as an initiative of the Canada Pension Plan Investment Board and McKinsey & Company, which, together with BlackRock, The Dow Chemical Company and Tata Sons, founded FCLT Global in July 2016. In addition to our Founding Members, we involve other Member organizations<\/a> from across the investment value chain, including asset owners, asset managers and corporations, that are committed to achieving long-term tangible actions that benefit businesses, markets and society more broadly.<\/p><\/blockquote>\n Will they get traction? Their introductory presentation lays out the problem… but doesn’t seem to have solutions in mind.<\/p>\n","protected":false},"excerpt":{"rendered":" A well recognized problem with public companies is their distraction with the short-term at the expense of the long-term. The clamor of shareholders, and even executive staff who have “aligned their interests with shareholders”, to meet quarterly goals can leave companies sensitive to such criticisms vulnerable to problems which may \u2026 Continue reading