A Guide to the 

Long-Term Stock Exchange

Get the credit you deserve.

While over 4,000 public companies are listed on U.S. exchanges today, the Long-Term Stock Exchange estimates less than 10% to 15% demonstrate a verified commitment to long-term value¹, and most of those companies aren't getting the credit they deserve. The Long-Term Stock Exchange and the companies that list on it are changing that narrative. LTSE empowers companies like yours to stand out from the crowd and gain the recognition you deserve from crucial stakeholders, including long-term investors. It all starts with a revolutionary set of differentiating listing principles and related policy requirements. Together, they set companies listed on the LTSE Exchange apart from other companies.
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"On the Long-Term Stock Exchange, accountability is focused on your performance against your own long-term goals."
— Michelle Greene,
President Emeritus and Former Interim CEO, Board Member, Long-Term Stock Exchange

A revolutionary set of 5 SEC-approved principles that differentiate sustainable companies

Principle 1: 

Long-Term 
Stakeholders
Principle 2: 

Long-Term 
Strategy
Principle 3: 

Long-Term 
Compensation
Principle 4: 

Long-Term Governance
Principle 5: 

Long-Term 
Investors

Long-Term Stock Exchange championed by Wall Street's long-term investors

Carol Geremia, President of MFS, a blue-chip, global investor with a 100-year legacy in long-term investing and $700+ billion in assets under management, recently provided an unsolicited endorsement of LTSE.
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Why the proprietary LTSE Long-Term ScoreSM is a better barometer of investor alignment
The proprietary LTSE Long-Term Score℠ is a measure of how long-term an investor behaves based on actual market behavior. The LTSE Long-Term Score℠ was specifically designed to support long-term companies, whereas turnover ratio, which is the most common metric used by companies, was primarily designed to support retail investors. Investors are graded on a scale from 0 to 100 based on how long they hold their portfolio companies beyond five years.
The LTSE Long-Term Score℠ for an investor’s overall holdings vs investors’ ownership of a specific comp group.

No "separate lift" working with LTSE

In recalling the Long-Term Stock Exchange listing process, Eleanor Lacey, Asana's Head of Legal and General Counsel, said:
Eleanor Lacey
Head of Legal and General Counsel, Asana
“It was not and has not been a separate lift for our department. It’s not a lot of overhead. What we wanted to do was align ourselves — our employees, our policies, and our investors – with our long-term goals.

This was another way to understand who our long-term investors were and to be able to focus on those long-term.”*
*Understanding LTSE Listings, The Corporate Counsel Webcast, December 8, 2021

Visionary leaders inspired to create lasting change

We are a company of founders, business builders, and experts in technology, finance, marketing, government policy, and regulation, who share a commitment to supporting next-generation companies and their investors.
Executive Leadership
Maliz Beams
Chief Executive Officer
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Joe Turner
Chief Financial Officer
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Exchange & Governance
Bill Harts
CEO, Exchange
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Michelle Greene
President Emeritus and Former Interim CEO, Board Member, Long-Term Stock Exchange
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Jill Ostergaard
Chief Regulatory Officer
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Capital Markets Advisory
Martin Alvarez
Chief Public Capital Markets Officer
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Shahnawaz Malik
Head of Sustainable Investment Strategies
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Risun Udawatta
Sr Manager Analytics & Capital Markets
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Strategic Marketing
Dale Criniti
Co-Chief Strategic Marketing Officer
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Thomas White
Co-Chief Strategic Marketing Officer
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James Castillo
Head of Public Client & Exchange Marketing
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Communications & Public Relations
Steve Goldstein
Chief Communications Officer
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Ben Ehrlich
Chief of Staff to the Office of the CEO
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Business Development
Susan Levitt
Head of Listings
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Our story

In pursuit of business that benefits the common good—and the bottom line

Eric Ries, entrepreneur, author, and Founder and Executive Chairman of LTSE, saw a problem: today’s financial market forces businesses to prioritize short-term gains over everything else, generating volatility and preventing businesses from serving anyone but their shareholders.
Better business requires a system that incentivizes better practices, so Eric created LTSE, an ecosystem where serving multiple stakeholders — from local communities to the environment — is not only possible, but rewarded. LTSE empowers companies to make decisions that benefit the world, ultimately fostering a new financial system that generates value for all.
Learn about our mission
Eric Ries, Founder and 

Executive Chairman, LTSE

Together, we can build a better world of business.

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Disclaimer
The information contained above is provided for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Readers should consult their own tax, legal, accounting or investment advisors.

Many of the services outlined in this document are provided by LTSE Services, Inc. LTSE Services and its affiliates, including the Long-Term Stock Exchange, Inc., which is a registered national securities exchange under the provisions of the Securities Exchange Act, do not provide tax, legal, accounting or investment banking or investment advisory services or advice.

Companies are not required to adopt or purchase any tools or services from LTSE Services in order to apply to list on the Long-Term Stock Exchange. Companies can customize their long-term policies; however, only the Exchange’s independent regulatory staff can determine whether proposed policies meet the principles-based requirements for listing under Exchange rules. Exchange rules differentiate between the products and services that it can offer to prospective listed companies and those that are available to companies currently or newly listed on the Exchange.

Neither LTSE nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding LTSE-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results.

© 2024 LTSE Services, Inc.
References
  1. Based on an internal analysis conducted by LTSE Services, Inc., in January 2024.