The Long-Term Stock Exchange (LTSE) was created to address a fundamental issue in today’s marketplace. As long as the public markets optimize for short-term gains, we will continue to see under-investments in workers and innovation, harmful financial engineering, and inadequate regard for the environment.  We can’t provide much-needed reforms to capitalism without urgent and sustained change to the systems that fuel mass inequality.

LTSE is a new public market that incentivizes long-term actions over the quarterly myopia of the current system. It provides capital market infrastructure that prioritizes ongoing innovation over short-term profiteering. It promotes a fundamental change in company behavior and operations through a new set of listings standards—the governance requirements imposed and enforced by stock exchanges.

While stakeholder capitalism has become a rallying cry for many companies, and sustainability funds continue to grow, the stakeholders themselves are increasingly wary of company claims.

(more…)