Series: Corporate Purpose
Number 3 of 12
Corporate Governance and Long-Term, “Patient” Capital
Not long ago, many American investors held that innovation took time to develop and that capital needed to be “patient” to realize a reasonable rate of return. Today, the converse is true: there is now great emphasis put on short-term monetary returns and the need for immediate gratification on capital investments.
On March 14, Governance Studies at Brookings hosted a discussion exploring how “impatient” capital can harm the economy by reducing incentives for innovation and shortening the time horizon for business managers. A panel of experts examined how policy and regulatory mechanisms should be structured to incentivize the business sector to refocus on longer-term time horizons and “patient” business practices.
After the program, panelists took questions from the audience. Participants followed the conversation on Twitter using the hashtag: #PatientCap.
Former Senator (D-N.D.), U.S. Senate
Senior Fellow, Bipartisan Policy Center; Senior Policy Advisor, Arent Fox
Supreme Court of Delaware
Dean and Joseph C. Hostetler-Baker & Hostetler Professor
Case Western Reserve University School of Law
Executive Director, Business and Society Program
The Aspen Institute
March 14, 2012
10:00 AM - 11:30 AM EDT
The Brookings Institution
1775 Massachusetts Ave., NW
SERIES: Corporate Purpose | Number 3