The Aspen Institute and 28 leaders from business, government and academia, called today “to end the focus on value-destroying short-termism in our financial markets and create public policies that reward long-term value creation for investors and the public good”.
Their proposal advances three mechanisms:
1. Market incentives: encourage more patient capital through tax policy
2. Alignment: better align the interests of financial intermediaries and their ultimate investors
3. Transparency: strengthen investor disclosures