Rewriting the rules of Business
The Bottom Line
BBC
4.6 • 615 Ratings
🗓️ 4 October 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
Business has undergone seismic changes over the past decade; do the rules of business need to be re-written? If so, who should write them and what should they say? Evan Davis and guests discuss. GUESTS Ian Taylor, Chairman, Vitol Dame Helena Morrissey, Head of Personal Investing, Legal & General Investment Management Wendy Tan White, Partner, BGF Ventures
Transcript
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| 0:00.0 | Hello, welcome to the programme, the first of a new series, and so we thought that given politics at the moment, |
| 0:05.5 | the discontent and division, the rise of populist and other outsider forces here and elsewhere, |
| 0:11.0 | and given the manifest agreement at the recent party conferences, Labour and Tory, |
| 0:16.3 | that capitalism isn't working or isn't quite working for everybody. Given all that, we thought we'd |
| 0:22.7 | ask how and whether the economic system should change. It's an unusually ill-defined topic for this |
| 0:29.1 | programme. It is also possible there is nothing new to be said on it. But we've heard a lot from |
| 0:34.0 | politicians on the need for reform. We've heard a little from politicians on how to reform. |
| 0:39.3 | So let's hear from business, three guests who are experienced enough and successful enough |
| 0:44.3 | to know where the bodies are all buried. They come from finance, commodities trading and the tech |
| 0:50.2 | world, and let's meet them now. First up, Helena Morrissey, head of personal investing at |
| 0:55.0 | legal and general investment management. Helena, you are an interesting city person because you |
| 0:59.7 | were actually quite a prominent Brexiteer. You having any second thoughts about that? |
| 1:04.3 | No, it may not have gone according to plan, but no, I mean, the reasons for me to support, |
| 1:09.8 | or at least think the country could do very well outside the EU is because I think the world is moving in a different direction from command and control, from things happening very remotely from people. |
| 1:19.0 | And I really did think, and still do, that actually we need to have much more control over and own destiny. |
| 1:24.6 | We need to localise decision-making more, not just at the national |
| 1:27.8 | level, but at the city and regional level too. So now, that's quite a big philosophical point. |
| 1:33.6 | It is, and it's a big topic. It may enter our discussion, although we are hoping that this isn't |
| 1:38.0 | a Brexit program, just because there's a lot more to talk about. You've actually also been a big and a sort of veteran supporter of change when it comes to women on board because you were the founder of the so-called 30% club. |
| 1:52.4 | Tell us about that. |
| 1:53.8 | So that started in 2010, really in the aftermath of the financial crisis, when there was this moment of humility, I think, as best way to describe it, particularly in the city, |
| 2:03.0 | that clearly would have the failure of lots of banks. |
... |
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