Listing Standards
Long-term principles and policy requirements
The five policy requirements are interdependent and each must be consistent with its underlying principle.
Principle 1: Stakeholders
Long-term focused companies should consider a broader group of stakeholders and the critical role they play in one another’s success.
Long-Term Stakeholder Policy Requirements
A policy explaining how the company operates its business to consider all of the stakeholders critical to its long-term success.
Principle 2: Strategy
Long-term focused companies should measure success in years and decades and prioritize long-term decision making.
Long-Term StRATEGY Policy Requirements
A policy explaining how the company prioritizes long-term strategic decision-making and long-term success.
Principle 3: Compensation
Long-term focused companies should align executive compensation and board compensation with long-term performance.
Long-Term Compensation Policy Requirements
A policy explaining the company’s alignment of executive compensation and board compensation with the company’s long-term success and long-term success metrics.
Principle 4: Governance
Boards of directors of long-term focused companies should be engaged in and have explicit oversight of long-term strategy.
Long-Term Board Policy Requirements
A policy explaining the engagement of the company’s board of directors in the company's long-term focus, including discussion of whether the board and/or which board committee(s), if any, have explicit oversight of and responsibility for long-term strategy and success metrics.
Principle 5: Investors
Long-term focused companies should engage with their long-term shareholders.
Long-Term Investors Policy Requirement
A policy explaining how the company engages with long-term investors.
