Aberdeen's Gilbert calls for 'consensus' on short-termism

Politicians should unite to support the "overriding objective" of eradicating short-termism among investors, according to Aberdeen Asset Management CEO Martin Gilbert.

Responding to the ‘Overcoming short-termism within British Business' review published today, Gilbert said he welcomes the findings promoting long-term investment but called for more to be done. The Aberdeen CEO (pictured) said the group is eager to see more concrete proposals on the subject but warned against the "policy tinkering" he said has exacerbated the culture of short-termism in recent years. "We are keen to see stronger incentives to encourage both investors and management to take a longer term view. Changes to corporate governance, the tax system and infrastructure spending ...