In this presentation, Stewart Hogg will explore whether markets have become too focused on trading, benchmarks and short-term price movements, and lost sight of the role shareholders can play in long-term wealth creation. He will argue that the relationship between companies and their owners matters: patient, engaged shareholders can give management teams the confidence to invest, innovate and take sensible risks. Hogg will also question whether the traditional active versus passive debate misses the more important issue of what good ownership looks like, and why that matters for the long-term health of public markets.