I would love to see this implemented throughout the world. Companies do forget at times that shareholders, no matter how small, are owners of the business and in the end they have to answer to them. So it’s a refreshing to see this type of letter being published and distributed. As usual here’s some snippets and a link to the rest of the article.

Without a sense of purpose, no company, either public or private, can achieve its full potential. It will ultimately lose the license to operate from key stakeholders. It will succumb to short-term pressures to distribute earnings, and, in the process, sacrifice investments in employee development, innovation, and capital expenditures that are necessary for long-term growth. It will remain exposed to activist campaigns that articulate a clearer goal, even if that goal serves only the shortest and narrowest of objectives. And ultimately, that company will provide subpar returns to the investors who depend on it to finance their retirement, home purchases, or higher education.

In order to make engagement with shareholders as productive as possible, companies must be able to describe their strategy for long-term growth… This demonstrates to investors that your board is engaged with the strategic direction of the company.

Source: Blackrock 

Just quickly, which companies do I think in Thailand actually implement such this process well, are open to talking to shareholders and have been doing this on a consistent basis? From the top of my head it would be – HMPRO, LH, KBANK, CPALL, MALEE, BDMS, BGRIM.