CPPIB-McKinsey Survey Points to Increasing Short-Term Pressures

A global survey of corporate directors and CEOs, conducted by Canada Pension Plan Investment Board (CPPIB) and McKinsey & Company, found pressures on senior executives to show short-term financial performance have increased in recent years. Respondents identified innovation and strong returns as the top benefits if companies took a longer-term view. CPPIB and McKinsey earlier this year launched the Focusing Capital on the Long Term initiative, which will set out the case for institutional investors and boards to focus on long-term value creation.

CanadaNorth AmericaBriefs