I have seen that some exchanges like NASDAQ are considering adding social justice elements into their requirements for listed companies. For instance, NASDAQ had submitted a proposal to force diversity of boards on companies (https://www.nasdaq.com/press-release/nasdaq-to-advance-diver...). Personally I do not like the mission creep and politicization of institutions in general, and am wondering where/how you draw the line on what you will require of companies.
Your listing principles page (https://longtermstockexchange.com/listings/principles/) is interesting in that there's a lot I agree with (like compensation policy) but then some other principles (like "The company’s approach to diversity and inclusion" or "The company’s impact on the environment and its community") are vague enough that I am not sure what it implies. Is it fair to consider LTSE a "progressive" financial institution?
Our reforms are fundamentally market-based. We work with companies to develop policies that commit them to the values that they think ensure their ability to pursue their mission long-term. It's not one-size-fits-all and ultimately investors will judge the results. I think you'll see a diversity of companies and views on the exchange, just as you see a diversity of views among our own investors and employees.
Your listing principles page (https://longtermstockexchange.com/listings/principles/) is interesting in that there's a lot I agree with (like compensation policy) but then some other principles (like "The company’s approach to diversity and inclusion" or "The company’s impact on the environment and its community") are vague enough that I am not sure what it implies. Is it fair to consider LTSE a "progressive" financial institution?