Permeating today’s society is an ever-growing focus on the near-term. Now, more so than ever before, there appears to be a pressing need to deliver information, results and earnings as fast as possible. News articles are punched out on mobile phones moments after the event, political campaigns are shaped by daily polls and financial performance is measured by reference to quarterly performance and relentless share price fluctuations. This obsession with the short-term directly challenges any attempt to build for long-term growth. We need to unpack and analyse the structures and incentives that encourage this behaviour and consider ways to promote the pursuit of long-term value.
“Fishing with dynamite – the fight against short-termism” is a collection of articles and posts that pick at these issues with a hope of sparking debate and exploring noteworthy proposals.
Director duties come into stark relief when it comes to considering whether or not to recommend a takeover bid. Fundamentally, these duties are to act in the interests of “the company as a whole” and for a proper purpose.
There’s always discussion about whether the government should spend money on sport – from stadiums to Olympic programs down to the grassroots. Of course they should – sport is crucial to the fabric of Australian cities.
If the first month of the Trump administration has taught us anything, it’s that technology has increased the speed and ease at which individuals around the world (including those in the West Wing) can share information. These developments are, however, challenging the traditional operation of financial markets.
A turning tide in corporate governance and executive remuneration – time to take the current when it serves
In securing her leadership of the Conservative Party, Theresa May pledged to dramatically reform corporate governance in the UK, proposing measures more restrictive on remuneration practices than anything suggested by either side of Australian politics.