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Monthly archive for July 2011

The bank boss, the 27-year-olds and the uncomfortable truth

In a week where banking was in the headlines as Ralph Norris announced his departure from the Commonwealth Bank, it was another banker who produced a heroic act. Mike Hirst, managing director of Australia’s Bendigo and Adelaide Bank, took a shot at financial analysts for their near-sightedness.

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Societal purpose: the ultimate corporate weapon

Does a company need to sacrifice financial performance if it chooses to align itself with a societal purpose? Not at all. In fact, I contend that a societal purpose is a pre-requisite for producing strong financial returns. A handful of companies have already discovered this is the ultimate

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Why investors will help drive social change

Last week’s feature article discussed the reasons why investors won’t fund social returns en masse. In that piece I did assert that, despite this, there is a powerful role to be played by private pension (or superannuation) savings in addressing social issues. It comes down to direct versus indirect

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