Put the focus on values, says Ann
Rebuilding the world’s financial system means focusing in on values, Ann Pettifor of Advocacy International said today at ICMIF’s conference in Toronto. Ann, who came to international prominence in the millennium campaign to cancel the debt to the world’s poorest states, spoke out strongly against the idea simply of maximising shareholder returns. She also criticised the high pay and bonus culture in banking. “We have to make greed unfashionable,” she said.
Speaking to delegates from over ninety of ICMIF’s member companies, she highlighted the opportunities for mutual and cooperative businesses. But there was a task of communicating the mutual difference to customers, she added.
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