Field Study No. 5: Evergreen Direct Investing
Submitted by ggadmin on Thu, 10/17/2013 - 8:48am
"Enterprise needs to be relieved of the tyranny of ‘maximizing shareholder value.' Fiduciaries need a more satisfying alternative to 'maximizing shareholder returns'. Society needs fiduciaries to become good stewards of sustainability. What they all need is a holistic-value-creating tool to engage with to make it all happen."
--Tim MacDonald, Principal Architect, Evergreen Direct Investing
Capital Institute’s fifth Field Guide study, "Evergreen Direct Investing--Co-Creating the Regenerative Economy," highlights an investment architecture that represents both a reengineering and bold repurposing of time-tested techniques. It enables large, perpetual investors with predictable, long tail liabilities to partner with enterprise leaders seeking to be free of the tyranny of shareholder value maximization as they get back to basics by negotiating a share of a sponsored enterprise’s cash flows.
To download the full study, please click here.
James Hawley, Keith Johnson, and Ed Waitzer, "Reclaiming Fiduciary Duty Balance," Rotman International Journal of Pension Management (Fall 2011, Volume 4, Issue 2).