Draft:FCLTGlobal

Non-profit organization From Wikipedia, the free encyclopedia

FCLTGlobal is a non-profit organization that conducts research related to extending investor and corporate planning periods.


Founded2016
TypeNon-profit organization
FocusLong-term investment, Corporate governance
Location
  • Boston, Massachusetts, United States
Quick facts Founded, Type ...
FCLTGlobal
Founded2016
TypeNon-profit organization
FocusLong-term investment, Corporate governance
Location
  • Boston, Massachusetts, United States
Key people
Sarah Keohane Williamson (CEO)
Websitefcltglobal.org
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History

FCLTGlobal originated from an initiative by CPP Investments (formerly CPPIB) and McKinsey & Company.[1][2][3][4] In 2013, these organizations collaborated on a research project titled "Focusing Capital on the Long Term" to address concerns about short-termism in global financial markets. From that initiative, FCLTGlobal was formally established in 2016 as an independent non-profit organization by CPP Investments, McKinsey, BlackRock, Dow Chemical, and Tata Sons.[5][6][7][8] Since its inception, the organization has grown to include member companies from across the globe, including major asset owners, asset managers, and multinational corporations. It has 501(c)3 status in the United States.[9]

Activities and Research

FCLTGlobal conducts research on a range of issues related to long-term investing, corporate governance, and strategic decision-making.[10][11][12] Its reports and frameworks target issues that the organization claims stem from short-termism, such as quarterly earnings pressures, investor activism, and market volatility.[13][14][15][16][17]

The organization's 2017 report, The Corporate Horizon Index, attempts to measure a company’s short-term focus by looking at how much it invests, whether it uses accounting tactics to boost quarterly earnings, whether it engages in share buy-backs to boost earnings per share," among other criteria.[18][19][20]

Membership

As of May 2025, FCLTGlobal's membership is composed of 64 companies and institutional investors from around the world. The members include asset owners, asset managers, and corporate entities. Members include:

Governance

FCLTGlobal's current board members include Lei Zhang (Hillhouse Investment), Bob Sternfels (McKinsey) João Schmidt (Votorantim) and Carine Smith Ihenacho (Norges Bank Investment Management); past board members include Adena Friedman, Mark Wiseman, Peter Harrison, and Mark Machin.[32][33][34] Sarah Keohane Williamson has served as the CEO of FCLTGlobal since its founding in 2016.[5] Williamson is a former partner at Wellington Management.[35]

References

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