[kolbe]

Forget all the practical hurdles, tell me why this premise is even correct. Just because I've owned a share for a long time, that implies that I have more interest in the long term performance of the company going forward? Just because the word "long" is part of the description of a past action doesn't mean it's in any way correlated with an expected future action. And it's often negative. See: basketball games, retirement, and (gasp) stock vesting. You think a VC who's owned a company for 9.9 years and is reaching the end of its fund has more incentive to vote in the long term interest of the company than a pension who just bought?

[andreasklinger]

Explicit expectations by the market towards the leadership.

As in: Do not worry about quarterly profits but longterm success

[jshaqaw]

Does anyone report to you? If they do, how would you respond if they said “I’d like to check in with you on my progress/metrics/etc... just once a year.” Sound like a good idea? It’s a terrible idea for managing people and a terrible idea for corporate governance. As high performance organizations move to daily if internal accountability it’s laughable that they complain accountability every 90 days to them owners of the company is too much.

[andreasklinger]

there is a difference between long term planning and short term execution

yes short term execution should be monitored but it should not lead long term execution plans

[jshaqaw]

Complaints about how short term focused equity investors to the detriment of long term planning almost always come from people who either don’t really understand what active equity investors do or are entrenched management trying to bury bad short term execution under th hazy and impossible to refute excuses of “we have a long term plan.”

[valuearb]

Owners should be able to decide at any moment it’s time to throw out management and start fresh.

[andreasklinger]

this does not contradict my statement

[kolbe]

I'm sorry, but I just don't know what you're responding to in my comment. I know about the difference between long term and short term incentives when it comes to corporations. I just don't know how the process that is being proposed does anything to help it.