- How might families leverage patient capital while reflecting on global events?
- What are families observing in the actions their competitors are taking?
- Is excessive patience risk-aversion?
Less Inequity, More Opportunity ǀ By now we have all heard how new policies for social change are needed once the pandemic is over. Politicians from Joe Biden to Boris Johnson, civil society organizations and even consulting firms have espoused the phrase “Build Back Better” as an expression of new values in policymaking. Where do business families fit in?
Facilitated by: Thierry Malleret, Monthly Barometer
Panelists: David Martin, Horizon Capital Holdings, Robert Frances, PEAK Financial Group Inc. and Sach Chandaria, Comcraft Group
Many seek to further empower their employees. Others are mindful of fair wages and perks, and sensitive to the necessity of flexible and working conditions that favour productivity and health. These factors enhance loyalty. Yet the winds of social change are up. They will blow hot and cold on generations, particularly in this time of fragile economic recovery. Meanwhile, we’re hearing calls for a universal basic income. Calls for greater social dividends – that is, returns on the capital assets owned by our society – are coming too, but at what cost to enterprises that would help finance them? Even visionary families find intergenerational distribution of their wealth challenging. It is a curious paradox that they may be increasingly called upon to lead tremendous social change in ways that will have far-reaching implications beyond their own bloodlines.
