Guide to the
Long-Term Stock Exchange

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Get the Credit You Deserve.

In today's market, where quarterly results often overshadow long-term vision, your commitment to long-term governance and strategy deserves the spotlight.

Your approach is exemplary and plays a crucial role in driving durable value creation for stakeholders.  

It’s important that companies like yours receive due recognition. In today’s market, which often focuses on short-term gains, you deserve credit for driving your long-term vision.

Not Every Company Qualifies. That's the Point.

The Long-Term Stock Exchange is an exclusive exchange for the top 10-15%¹ of public companies committed to long-term value creation and strong governance, designed to ensure you receive the recognition and support you deserve.

The Long-Term Stock Exchange is the only SEC-approved exchange with listing standards that codify long-term value accretion.Our principles are rooted in 50 years of research from academics, policymakers, and some of the best business minds in the capital markets system.

They focus on stakeholders, strategy, compensation, governance, and investors — all with a long-term perspective.
View Listing Standards
Building a Brighter Future for Business
MFS Investment Management, a Global Asset Manager with Over $650 Billion in Assets, Presents White Paper Showcasing how LTSE is "playing a bigger game." The paper highlights LTSE's Bold Move to Transform Capital Markets
Read more
LTSE’s Approach to Strong Long-Term Governance and Durability Featured in Harvard Law School Forum on Corporate Governance
Read more
Bloomberg Intelligence Ranks LTSE as Best Among Independent Exchanges for Narrowest Spreads
Read more

Raise Awareness of Your Long-Term Value and Leadership

Global media outlets covered companies’ listings on the Long-Term Stock Exchange, including:

The Long-Term Stock Exchange Advantage: Championed by Industry Leaders

MFS Investment Management
"You're seeing a movement of alignment to allocation of capital down to the public company in ways we've never seen before."2
Carol Geremia*
President of MFS & Co-Head of Global Distribution
Stanford University
“The Long-Term Stock Exchange is designed to connect the institutions that have long-term oriented capital with the visionary companies that need it, in a public capital market that works for the benefit of all participants.” 3
Ashby Monk**
‍Executive & Research Director,
Stanford Research Initiative on Long-Term Investing
Cambridge University
“The Long-Term Stock Exchange offers a blueprint for how businesses can thrive by focusing on long-term value creation, breaking out of systems that reinforce the pressures of short-term profitability.” 4
Christopher Marquis
Cambridge Professor, Author
KPA Advisory Services
“The Long-Term Stock Exchange is an example of an innovation/collaboration opportunity that should be supported and used to their full extent.” 5
Keith Ambachtsheer***
‍Co-Founder of KPA Advisory Services

No "separate lift" working with the
Long-Term Stock Exchange

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.” 6

Taking a Shared Approach to Long-Term Success Across Private and Public Markets

Beyond public markets, LTSE is helping late-stage private companies build governance structures and operating models to help them succeed long-term. LTSE has delivered measurable, quantifiable value to both public and late-stage private companies that are part of the LTSE ecosystem.

Expanding into the public markets, companies that choose to list on the Long-Term Stock Exchange, such as Asana and ThredUp, codify their commitment to long-term principles as an integral part of their listing process. These long-term principles, deeply embedded in the LTSE ecosystem, serve as a catalyst for genuine value accretion for both public and private companies. By facilitating connections between private and public markets, LTSE is revolutionizing the conventional approach to business growth and resilience.

A Revolutionary Set of 5 SEC-approved Principles that Differentiate Long-Term, Resilient Companies
Principle 1: 

Long-Term Stakeholders

Long-term focused companies should consider a broader group of stakeholders and the critical role they play in one another’s success.

Principle 2: 

Long-Term  Strategy

Long-term focused companies should measure success in years and decades and prioritize long-term decision making.

Principle 3: 

Long-Term  Compensation

Long-term focused companies should align executive compensation and board compensation with long-term performance.

Principle 4: 

Long-Term Governance

Boards of directors of long-term focused companies should be engaged in and have explicit oversight of long-term strategy.

Principle 5: 

Long-Term Investors

Long-term focused companies should engage with their long-term shareholders.

Ready to Get the Credit You Deserve?

When you list on the Long-Term Stock Exchange, you're not just another ticker symbol. You're part of a community acknowledging a commitment to building enduring value. Because true success isn't measured in quarters – it's measured in years and decades. Schedule a meeting to learn more.

Contact Listings Team
Notes
‍
* LTSE Services partnered with MFS to analyze the long-term performance of a select number of MFS funds subsequent to the release of this endorsement.
** Ashby Monk is a former advisor to and former employee of LTSE.
*** Keith Ambachsheer is an investor in LTSE.
Sources
‍
1. Based on an internal analysis conducted by LTSE Services, Inc., in January 2024.
2. MFS Investment Management Global Investors Conference, 2024. See also: https://ltse.com/mfs.
3. Monk, A. (2021). Ashby Monk on how the cost of companies staying private hits all of us. LTSE Insights. See also: https://ltse.com/insights/thecost-of-companies-staying-private-hits-all-of-us.
4. Marquis, C. (2024). The Profiteers: How Business Privatizes Profits and Socializes Costs. See also: https://ltse.com/revolutionizing-the-marketa-closer-look-at-the-long-term-stock-exchang.
5. Ambachtsheer, K. (2025). The Ambachtsheer Letter. KPA Advisory Services. See also: https://kpa-advisory.com/the-ambachtsheer-letter/ view/understanding-corporate-longevity-what-secret-sauce-do-firms-over-100-years-old-have-in-common.
6. Understanding LTSE Listings, The Corporate Counsel Webcast, December 8, 2021.
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 Exchanges independent regulatory staff can determine whether proposed policies meet the principles-based requirements for listing under Exchange rules.

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.

© 2025 LTSE Services, Inc.