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Why We Need Inclusive Capitalism

Learning Consortium Webinar Series

With Lynn Forester de Rothschild, chief executive officer of E.L. Rothschild

 

July 20, 2016
11:00 a.m. ET (USA)

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The Coalition for Inclusive Capitalism seeks to work with all entities that attempt to help restore capitalism as an engine of broadly shared prosperity with public trust in the present and optimism for the future. Inclusive capitalism promotes those business and investment practices that extend the benefits of our economic system beyond shareholders to the larger group of stakeholders who create a successful corporation.

Since the financial crisis of 2008, capitalism has been attacked as a system that failed to create broad-based prosperity. Because of this, and growing income inequality and uncertainty, there is a marked withering of public trust in business. Businesses, many of which saw their responsibility limited only to shareholder value, must work to restore trust from all members of society. There is now solid academic research to show that companies that follow inclusive and sustainable standards perform better for their shareholders than those that do not.

The Coalition for Inclusive Capitalism, a not-for-profit organization, is dedicated to promoting the Inclusive Capitalism movement. It is not just about corporate social responsibility. It is about encouraging businesses to make changes and expand their investment and management practices to regain public trust. It does this by:

  1. Bringing together asset owners, managers, and creators of the top global companies, in an annual conference, to positively influence the future of capitalism.
  2. Developing practical thought leadership for the Inclusive Capitalism agenda.
  3. Making the movement truly inclusive.
  4. Focusing on action.

PRESENTER
Lynn_HeadshotLynn Forester de Rothschild is the chief executive officer of E.L. Rothschild, a holding company. E.L. Rothschild LP is a leading independent wealth management firm in the United States, with further interests in real estate, agriculture, and food. The company manages investments in The Economist Group, owner of The Economist magazine, Congressional Quarterly, and the Economist Intelligence Unit. Lynn studied at Pomona College and Columbia Law School. She then invested in telecoms businesses in North America and Europe, in partnership with Motorola. She was Executive Vice President for Development at Metromedia, Inc., from 1984–1989. From 1989–1995, Rothschild was chairman and CEO of TPI Communications International, Inc., one of the largest providers of paging, wireless data, and cellular telephone service in Latin America, owned with Motorola. In 1998, she founded FirstMark Communications of Europe, with the mission of building a pan-European broadband Internet company. Having secured licenses in Germany, France, Spain, Switzerland, Luxembourg, and Finland, she built a 20,000-km fiber network in 15 countries. Rothschild currently serves on the boards of directors of Estée Lauder Companies, The Economist Group, Bronfman E.L. Rothschild LP, and Christie's International. She has also served on the boards of directors of Gulfstream Aerospace Corporation and General Instruments, Inc.

She co-chaired the first daylong Conference of Inclusive Capitalism in London in May 2014, with the aim of adjusting the working of the capitalist system to work for more people.

In 2006, she was appointed as a member of the U.N. Advisory Group on Inclusive Financial Services. She serves as chairman of the board for the American Patrons of the Tate Gallery, FAI, and the International Advisory Board of Columbia University School of Law.

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