新証券取引所「Long Term Stock Exchange」とは？　そこには誰がいるか？

シリコンバレー発、長期経営をテーマとした新証券取引所「Long Term Stock Exchange」が稼働開始 | BRIDGE（ブリッジ）テクノロジー＆スタートアップ情報シリコンバレー発、長期経営をテーマとした新証券取引所「Long Term Stock Exchange」が稼働開始

このコンセプト

ステークホルダー：上場企業はステークホルダーに配慮し、互いに成功を果たせるような経営を行うこと
戦略：上場企業は会社の数年後、数十年後の成功を予想し、長期的な意思決定を優先させること
報酬：上場企業は、役員報酬を長期的な業績に基づき決定すること
取締役会：上場企業の取締役会は、長期的な戦略に関与し、実行を監督すること
株主：上場企業は、長期的な株主との対話（エンゲージメント）を行うこと

詳細は以下の通りである。

https://longtermstockexchange.com/listings/principles

5 principles:

①Long-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
A policy explaining how the company operates its business to consider all of the stakeholders critical to its long-term success, including:

・Which stakeholder groups the company considers critical to long-term success
・The company’s impact on the environment and its community
・The company’s approach to diversity and inclusion
・The company’s approach to investing in its employees
・The company’s approach to rewarding its employees and other  stakeholders for contributing to the company’s long-term success

②Long-term focused companies should measure success in years and decades and prioritize long-term decision-making.
Long-Term Strategy Policy
A policy explaining how the company prioritizes long-term strategic decision-making and long-term success, including discussion of:

・What time horizon the company considers long-term
・How this time horizon relates to the company’s strategic plans
・How the company aligns success metrics with its long-term time horizon
・How the company implements long-term prioritization throughout the organization

③Long-term focused companies should align executive compensation and board compensation with long-term performance.
Long-Term Compensation Policy
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.

④Boards of directors of long-term focused companies should be engaged in and have explicit oversight of long-term strategy.
Long-Term Board Policy
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.

⑤Long-term focused companies should engage with their long-term shareholders.
Long-Term Investor Policy
A policy explaining how the company engages with long-term investors.

Meet the companies listed on the Long-Term Stock Exchange

証券取引委員会の記事では、Asana 及び Twilioが上場予定

「ロングターム証券取引所が初の上場コミットメントを発表。AsanaとTwilio

サンフランシスコ - 2021年6月24日午後3時15分（PT） - LTSEグループの子会社であるThe Long-Term Stock Exchange（LTSE）は、Asana, Inc. (NYSE, LTSE: ASAN)とTwilio Inc. (NYSE, LTSE: TWLO)が、両社の普通株式の二重上場により、LTSEへの参加を表明した最初の企業となる。AsanaとTwilioは、2021年8月26日にLTSEに上場する予定。」

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