The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Thu, 09 Jul 2026 19:49:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png 2019 Proxy Letter—Aligning Corporate Culture with Long-Term Strategy – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 2019 Proxy Letter—Aligning Corporate Culture with Long-Term Strategy https://corpgov.law.harvard.edu/2019/01/15/2019-proxy-letter-aligning-corporate-culture-with-long-term-strategy/?utm_source=rss&utm_medium=rss&utm_campaign=2019-proxy-letter-aligning-corporate-culture-with-long-term-strategy https://corpgov.law.harvard.edu/2019/01/15/2019-proxy-letter-aligning-corporate-culture-with-long-term-strategy/#comments Tue, 15 Jan 2019 22:28:19 +0000 https://corpgov.law.harvard.edu/?p=114622?d=20190115172819EST Posted by Cyrus Taraporevala, State Street Global Advisors, on Tuesday, January 15, 2019
Editor's Note:

Cyrus Taraporevala is President and CEO of State Street Global Advisors. This post is based on an SSgA letter from Mr. Taraporevala to board members, and on an additional guidance memorandum by Rakhi Kumar, SSgA Senior Managing Director and Head of ESG Investments and Asset Stewardship; Benjamin Colton, SSgA Vice President and Head of Asia Pacific; and Caitlin McSherry, SSgA Assistant Vice President and ESG Analyst.

As one of the world’s largest investment managers, we engage with companies in our investment portfolios as part of our fiduciary responsibility to maximize the probability of attractive long-term returns for our clients. Unlike our active investment strategies where we can sell a company’s stock when we disagree with management, in our index-based strategies we own the company’s stock for as long as it is included in the index. Therefore we engage as long-term investors through our asset stewardship practice on those issues that impact long-term value.

(more…)

]]> https://corpgov.law.harvard.edu/2019/01/15/2019-proxy-letter-aligning-corporate-culture-with-long-term-strategy/feed/ 1