The Long-Term Stock Exchange (LTSE) announced its launch last week for trading stocks on its platform and listing companies on the exchange. As the name suggests, the exchange aims to list companies that desire to create value over time.
The LTSE’s listing requirements take a “principles-based approach” to long-termism (in contrast to a one-size-fits-all approach) requiring listed companies to pledge to operate consistently with five principles:
- Stakeholders. Long-term focused companies should consider a broader group of stakeholders and the critical role they play in one another’s success.
- Strategy. Long-term focused companies should measure success in years and decades and prioritize long-term decision-making.