Top Global CEOs Agree to Combat Short-Term Patterns in Business
March 2, 2018 | Business WireEstimated reading time: 2 minutes
FCLTGlobal, a not-for-profit organization that advocates for a longer-term focus in business and investment decision-making, hosted its biennial Focusing Capital on the Long Term Summit on February 28 in New York City. The event gathered more than 150 senior business leaders to discuss how to combat financial short-termism through catalyzing practical action, establishing a wave of executive stewardship, and creating a deeper and broader understanding of the benefits of long-term investment.
“FCLTGlobal’s founding mission is to motivate business leaders to actively combat short-termism in our markets from within their own spheres of influence. Widespread adoption of long-term strategies will only come when we lead by example. Those at the Summit have the power to drive significant change. And by supporting initiatives with longer horizons, we will do the most to move the needle with all the major players across the value chain – asset managers, asset owners, corporations – as well as for their stake-holders,” said Mark Wiseman, FCLTGlobal Board Chair and Global Head of Active Equities & Chairman of Alternative Investors at BlackRock.
Leaders from global corporations, asset managers, and institutional investors were joined by representatives of FCLTGlobal’s 42-member organizations in a series of working sessions aimed at tackling major risks to long-term growth. Key takeaways included fostering a greater focus on long-term oriented metrics, increasing transparency in capital allocation decisions, weighing long-term risks against clients’/companies’ objectives, and creating potential incentives for long-term shareholders.
“The next step is taking ownership of the issue and creating practical antidotes to short-termism. Short-term pressures stem from many points along the investment value chain, and lasting change can be driven effectively from asset owners, asset managers and corporations,” said FCLTGlobal CEO Sarah Williamson. “There are significant costs to society when overwhelming pressure for near-term results drowns out long-term aspirations. We’re trying to reverse that.”
In addition to interactive sessions focusing on topics such as the opportunities of long-term allocations, the archaic nature of quarterly reporting, and examining the relationship between asset owners and asset managers, the day included a CEO panel on active investing, featuring Dominic Barton (McKinsey & Company), Larry Fink (BlackRock), Andrew Liveris (DowDuPont), Paul Polman (Unilever), and Michael Sabia (Caisse de dépôt et placement du Québec). Guests also heard from Jay Clayton, Chairman of the Securities and Exchange Commission in a concluding plenary session.
About FCLTGlobal
FCLTGlobal is a 501(c)(3) not-for-profit dedicated to developing practical tools and approaches that encourage long-term behaviors in business and investment decision-making. It takes an active and market-based approach to achieve its goals. By conducting research and convening business leaders, FCLTGlobal develops tools and generates awareness of ways in which a longer-term focus can increase innovation, economic growth and future savings.
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
09/12/2025 | Marcy LaRont, I-Connect007We may be post-Labor Day, but it is still hot-hot-hot here in the great state of Arizona—much like our news cycles, which have continued to snap, crackle, and pop with eye-raising headlines over this past week. In broader global tech news this week, AI and tariff-type restrictions continues to dominate with NVIDIA raising its voice against U.S. lawmakers pushing chip restrictions, ASML investing in a Dutch AI start-up company to the tune of $1.5 billion, and the UAE joining the ranks of the U.S. and China in embracing “open source” with their technology in hopes of accelerating their AI position.
Dan’s Biz Bookshelf: ‘Still Broke: Walmart’s Remarkable Transformation'
09/11/2025 | Dan Beaulieu -- Column: Dan's Biz BookshelfRick Wartzman’s Still Broke: Walmart’s Remarkable Transformation and the Limits of Socially Conscious Capitalism is both a wake-up call and a mirror—showing us things we might not want to admit. He doesn’t come out swinging with anti-corporate rage or idealistic fluff. No, he does something more powerful. He tells the plain, honest, uncomfortable truth, and those with a stake in business, leadership, or the American economy should read this book.
Summit Interconnect Announces Appointment of Leo LaCroix as Chief Operating Officer
09/09/2025 | Summit Interconnect, Inc.Summit Interconnect, a leading North American manufacturer of Printed Circuit Boards (PCBs), today announced that Leo LaCroix has assumed the role of Chief Operating Officer (COO).
The Chemical Connection: Experience and Wisdom Gained by Doing Business
09/03/2025 | Don Ball -- Column: The Chemical ConnectionA well-managed company learns to adjust its strategies and processes based on what it learns during challenging times. The experience gained from making (or losing) a difficult sale is invaluable in adapting new sales and manufacturing processes necessary to make that sale the next time, no matter how painful those new processes might be.
Partnerships Drive Innovation for a Brighter Manufacturing Future
08/26/2025 | Barry Matties, I-Connect007When Schweitzer Engineering Laboratories (SEL) opened its greenfield facility in 2023, it did so with careful attention to choosing its suppliers. In this discussion, Collin Peters, electronics business director for North America at MKS’ Atotech, and Justin Kennedy, manager of engineering at SEL, explore their unique partnership that includes collaborative efforts to develop innovative solutions like the Uniplate® PLBCu6 line.