Our Approach Is Simple
Our sole goal is to serve our clients’ financial interests by helping to maximize long-run value.
To that end, Strive advocates for the pursuit of excellence in corporate America and is aggressively apolitical when it comes to utilizing our corporate governance tools.
Excellence Through Engagement
We believe in engagement, not divestment. Strive’s products don’t exclude corporations that advance stakeholder interests. Instead, we leverage our vote and voice to maximize shareholder value. To help ensure our focus is always on the pecuniary interests of our clients, the following principles of excellence serve as our corporate governance guide:
Mission creep is a costly and time-consuming distraction from a company’s core competencies. Companies that stay true to their missions will avoid costly and time-consuming distractions.
Being financially disciplined is key to a company’s success. All decisions, especially investment and capital allocation decisions, should be focused on financial considerations.
America’s most successful companies share the value that customers come first. Businesses are best served when they focus on the needs and wants of their customer base, and that focus will drive performance and shareholder value.
Strive believes that companies that fill vacancies with the most qualified applicants will produce superior results and all hiring, compensation, and promotions should be based exclusively on merit.
Our Four Levers of Engagement
We utilize the following levers to mandate the corporate pursuit of excellence and maximize value for our clients.
Shareholders also have a public voice that can drive change at companies. Strive will use its voice, on behalf of the owners of our funds, to set expectations for America’s business leaders. We will also hold them publicly accountable by applauding them when they meet those expectations and guiding them to improve them when they fall short.
Large shareholders and asset managers regularly influence corporate decision making through private meetings with CEOs and key personnel. Today, the world’s largest asset managers deliver a monolithic message to CEOs on certain environmental and social issues. By contrast, Strive will deliver a different message: focus exclusively on product excellence over any other agenda. We believe this will help improve underlying corporate performance.
Engagement in Action
Below are a few examples of our engagement with portfolio companies, advocating for the pecuniary interests of our clients:
In 2021, the biggest asset managers helped get activists elected Exxon’s board. On behalf of our clients, we engaged with Exxon, privately meeting with CEO Darren Woods to express our concerns over non-financially motivated mandates advanced by new board members and recommended adding board candidates committed to maximizing value. A few weeks later, that’s exactly what Exxon did, announcing the addition of two well-qualified directors to its board.
In 2022, the Walt Disney Company’s approval rating plummeted following company’s public embrace of controversial political positions. We believe that companies should only be involved in political engagement on issues that are germane to driving shareholder value. We engaged with them to ensure they commit to making all decisions based on the long-term profitability of Disney and return to their mission and status as a beloved American brand.
In 2021, BlackRock and other large asset managers forced Apple to conduct a racial equity audit, against the recommendation of Apple’s board of directors. We believe these audits distract leadership and employees from focusing on core business concerns, with zero evidence that they increase shareholder value. We engaged with Apple to rescind any commitments to an audit and commit to make all employment decisions on merit.
Learn More About Strive
Take a deep dive into how we vote and why with our Proxy Voting Guide.
Our commitment to maximizing value is demonstrated through our votes.
Discover what makes Strive different and why you should choose Strive.