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I can understand the effort to weigh firm's incentives towards longer-term incentives, and I can see how the suggested changes to companies' structure would achieve that.

But why do those changes need to be coupled to the exchange a company assigns as its primary listing venue?

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Companies can dual-list so LTSE does not need to be the primary venue

Stock exchanges have the obligation to set standards for the behavior of managers and investors. It’s this dual-stakeholder role that uniquely allows our reforms to take hold.

Believe me, I looked long and hard for an easier way to get this done

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