In a paper published earlier this month in the Spring 2017 Journal of Applied Corporate Finance, Tim Youmans, Research Director, Strategic Investor Initiative, CECP, and Brian Tomlinson, Senior Research Advisor, Strategic Investor Initiative, CECP, detail how the existing structure of corporate shareholder communications encourages “short-termism,” or the narrow focus on immediate profit at the expense of long-term security. The paper summarizes the substantial evidence that corporate management, boards, and investors are concerned about the failure of quarterly earnings framework to adequately address the importance of long-term value creation.