Purpose Beyond Profit: Where Next for Business?
Wednesday 26 February 2020
17 Oval Way
London SE11 5RR
The belief that the sole responsibility of business is to maximise profits for shareholders is losing favour. Shareholder primacy is under scrutiny for increased environmental destruction, poor labour conditions and growing inequality. The Financial Times is calling for a 'reset' of capitalism and says "the way our economic and political systems work must change, or they will perish.” Meanwhile in the US, an association of leading chief executives, the Business Roundtable, announced plans to move away from a singular focus on shareholders' interests and instead "deliver value” to all stakeholders, including consumers and wider society.
What does delivering value look like in practice, and is voluntary action enough? Is it possible to balance purpose with profitability in a meaningful way, and what alternative models exist?
This event will bring together commentators and practitioners from across business and economics to debate the future of business and what action is needed.
We will be joined for an interactive panel discussion by renegade economist Kate Raworth, the Financial Times’ European Economics Commentator Martin Sandbu and two businesses voices, to be confirmed. Oxfam GB CEO Danny Sriskandarajah will chair.
For more information and to reserve your seat, please register here.
Please be aware that spaces for the event are limited.
Since 1 January 2020 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- High Pay Day 2020: Scope for fairer pay and lower inequality remains considerable
Pay for the typical FTSE 100 CEO in 2020 has already surpassed the amount the average UK worker earns in an entire year. We can do much more to achieve a better balance between those at the top and everybody else
- Work for HPC - applications for a Researcher now open!
We're recruiting! Find out how to apply here
- High Pay Centre briefing: regional economies across the EU
The UK's poorest regions are falling behind the rest of Europe