Prominent Silicon Valley executives and investors are backing a new stock exchange dubbed the Long - term Stock Exchange ( LTSE ) . The exchange is designed to combat obsessions with short - term earnings and profits . Shareholders in companies listed on the exchange would accept a " tenure voting " system where longer - term shareholders have more say over the governance of a company . From executive pay to short - term financial gains would also be prohibited . The exchange will reportedly seek regulatory approval by the end of the year . Now they are actually doing something about it, by launching a new framework for corporate governance, investing and trading called the Long-Term Stock Exchange. Critics say tenure voting encourages managers to duck short - term accountability .
Prominent Silicon Valley executives and investors are backing a new stock exchange dubbed the Long - term Stock Exchange ( LTSE ) . The exchange is designed to combat obsessions with short - term earnings and profits . Shareholders in companies listed on the exchange would accept a " tenure voting " system where longer - term shareholders have more say over the governance of a company . From executive pay to short - term financial gains would also be prohibited . The exchange will reportedly seek regulatory approval by the end of the year . Critics say tenure voting encourages managers to duck short - term accountability .