NEW YORK--(BUSINESS WIRE)--The Coalition for Inclusive Capitalism announced today that the world’s most influential business leaders, investors, policymakers, economists and academics who are committed to creating a more inclusive global economy will come together October 9-10th in New York for the 2016 Conference on Inclusive Capitalism.
Attendees represent more than $40 trillion in assets under management, covering more than half of global AUM1. The conference will focus on ideas and initiatives that can restore capitalism as an engine of broadly-shared prosperity and rebuild public trust. After a two-year run in London, the 2016 conference will be held in the U.S. for the first time.
“At this time more than ever, it is critical for business leaders to demonstrate that they are the solution, not the problem, by committing to business practices that are aligned with Inclusive Capitalism,” said Lady Lynn Forester de Rothschild, the CEO and founder of the Coalition for Inclusive Capitalism. “We recognize that no company or country can create a sea-change alone. That’s why we are thrilled to bring this impressive community together once again to build a united path towards increasing shared prosperity.”
Recent populist movements, including the forces that fueled the Brexit vote and are influencing the 2016 US Presidential elections, show that there has been a withering of public trust in the principles and institutions of capitalism. This year, conference participants have been asked to move beyond ideas to establish concrete action items for their organizations. Companies and organizations will make Inclusive Capitalism commitments that create long-term value and drive inclusive economic growth. Commitments will be announced on the Coalition for Inclusive Capitalism website on October 10.
Christine Lagarde, Managing Director of the International Monetary Fund, and Mark Carney, the Governor of the Bank of England, will provide keynote remarks during the event. Other confirmed participants include BlackRock CEO Larry Fink, JP Morgan CEO Jamie Dimon, Vanguard CEO Bill McNabb, Norwegian Finance Minister Siv Jensen, CalSTRS CEO Jack Ehnes, PepsiCo CEO Indra Nooyi, Unilever CEO Paul Polman and Aetna CEO Mark Bertolini.
Mark Weinberger, the Global Chairman and CEO of EY commented, “Business and CEOs have the power to help restore capitalism as an engine of growth and opportunity for everyone. This conference is a great opportunity for the business community to come together with policy makers, government officials, investors, and academics to explore how together we can work towards including more stakeholders in economic growth we create.”
Most sessions at the invitation-only conference will be under Chatham House Rule to create an environment where ideas are discussed honestly. Keynote speeches, public commitments, and overall results will be shared with the public via the Coalition for Inclusive Capitalism website and social media platforms.
About The Coalition for Inclusive Capitalism
The Coalition for Inclusive Capitalism is a global not-for-profit organization that was founded in 2014 by Lynn Forester de Rothschild, the Chairman of E.L. Rothschild LLC. The organization was established to engage leaders across business, government and civil society in the movement to make capitalism more equitable, sustainable, and inclusive. The Coalition develops practical thought leadership and the annual conference brings together renowned leaders from the world’s largest and most influential asset owners, asset managers and corporations to positively influence the future of capitalism. The organization makes the movement truly inclusive with their Allied Efforts program and extensive public outreach.
For more information:
The Coalition’s website
The Coalition’s Twitter
Speeches from previous conferences
Perspectives from Coalition members
1 The Boston Consulting Group, Global Asset Management 2016: Doubling Down on Data