Aspen principles

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The Aspen Principles is an initiative to reorganize corporate transparency and the capital market, by a working group associated with the Aspen Institute , which consists of corporate leaders, shareholders, unions, consultancy firms and investment funds and was published in June 2007. The aim of this proposal is to trigger a political reorganization process in the USA and countries with influential capital markets and to replace the short-term valuation of commercial enterprises. This is based on the idea that briefly focused indicators for corporate success lead to an incorrect assessment and rather a holistic picture of a company, its profits, structures and plans will provide positive impulses for the capital market as well as for improving corporate governance .

The principles

The proposal essentially contains the following 7 principles:

  • Companies should no longer publish quarterly reports , but rather commit themselves to specific long-term goals and present their implementation
  • Companies should not give out quarterly figures to analysts either , they will not comment on the assessments and ratings of analysts
  • Companies will provide frequent, complete and regular information about their strategy and the extent to which it has achieved its objectives
  • Management board remuneration is disclosed to investors with a long-term perspective
  • Managers are required to hold shares in their own company beyond their service life
  • Companies will reclaim money from managers and effectively collect money if their earnings were tied to specific results but these were proven to be incorrect or unsustainable
  • Companies should aim for a medium-term planning and information horizon of around 5 years

Initiators

The initiators include u. a .:

Web links