Tony Dalwood, chief executive of Gresham House PLC (LON:GHE), says the business is now about more than the traditional ways of looking at shareholder value.
Gresham House has grown in value to £200mln from £12mln over the past five years but going forward the emphasis will not just be about income and capital.
Dividends and profits are important, he says, but shareholder value now includes social, environmental and governmental aspects as well, areas where Gresham House is already strong with its focus on real assets.
These will also stand it in good stead when the coronavirus lockdown eases, though Dalwood believes recovery will take longer than many expect and not be an instant bounce back.