<story><title>Twilio, Asana to List on Long Term Stock Exchange</title><url>https://www.wsj.com/articles/twilio-asana-to-list-on-long-term-stock-exchange-as-esg-push-continues-11624565701</url></story><parent_chain><item><author>liamcardenas</author><text>Last time I read up on LTSE I noticed that the exchange doesn’t operate differently than a traditional stock exchange. Instead the companies in LTSE adopt specific language in their bylaws that orients them toward the long-term. Is this a correct understanding?&lt;p&gt;If you aren’t implementing any exchange-level mechanisms, why does this need to be an exchange at all? Why not just create a template for corporate bylaws that you can certify, like a B-Corp? An LT-Corp, if you will.</text></item><item><author>eries</author><text>Founder&amp;#x2F;CEO of LTSE here. Happy to answer questions if anyone wants to know more, AMA</text></item></parent_chain><comment><author>eries</author><text>We looked into this extensively before deciding to pursue an exchange, but found it just isn&amp;#x27;t workable. Investors simply don&amp;#x27;t believe a &amp;quot;certification&amp;quot; is especially binding, as companies can easily undo the certification at any time.&lt;p&gt;People today think of exchanges as just platforms to facilitate trading, but historically this is not how they used to be seen. Exchanges have always had a dual role, as avatars of corporate governance as well as sources of liquidity. We are trying to bring that balance back into the financial infrastructure of capital markets.</text></comment>
<story><title>Twilio, Asana to List on Long Term Stock Exchange</title><url>https://www.wsj.com/articles/twilio-asana-to-list-on-long-term-stock-exchange-as-esg-push-continues-11624565701</url></story><parent_chain><item><author>liamcardenas</author><text>Last time I read up on LTSE I noticed that the exchange doesn’t operate differently than a traditional stock exchange. Instead the companies in LTSE adopt specific language in their bylaws that orients them toward the long-term. Is this a correct understanding?&lt;p&gt;If you aren’t implementing any exchange-level mechanisms, why does this need to be an exchange at all? Why not just create a template for corporate bylaws that you can certify, like a B-Corp? An LT-Corp, if you will.</text></item><item><author>eries</author><text>Founder&amp;#x2F;CEO of LTSE here. Happy to answer questions if anyone wants to know more, AMA</text></item></parent_chain><comment><author>dna_polymerase</author><text>I love how this question, posted mere minutes after the offer to answer any questions, just sits here.&lt;p&gt;LTSE looked like BS before, now I&amp;#x27;m convinced.</text></comment>