Committing to the future

2016 Conference on Inclusive Capitalism

October 9th & 10th, 2016
New York, NY


The 2016 Conference on Inclusive Capitalism took place in New York on October 9th and 10th. This was our third-annual invitation-only event and a signature milestone in gathering the world’s most important leaders who are committed to creating a more inclusive global economy.

This conference brought together the world’s leading institutional investors, asset owners, corporate chief executive officers, policymakers and economic thinkers, from over 20 countries, to work together on ideas and actions that will help restore capitalism as an engine of broadly-shared prosperity and regain public trust.

This year’s event took an interactive approach with participants moving beyond ideas to establish goals and commitments for how their companies and organizations can promote long-termism, integrate environmental, social, and governance factors, improve workforce conditions and economic opportunities for their employees, and drive inclusive economic growth. 

We were honored that Christine Lagarde, Managing Director of the International Monetary Fund, joined us and that Mark Carney, the Governor of the Bank of England, launched the conference on the evening of Sunday, October 9th.

To lead the discussion at the conference, we confirmed Larry Fink of Blackrock, Jamie Dimon of JPMorgan and Bill McNabb of Vanguard, who deliberated the role of asset managers in the system, Siv Jensen, the Norwegian Minister of Finance and Jack Ehnes of CalSTRS, who provided their expertise in discussing the impact that the world’s largest asset owners can make, and Indra Nooyi of PepsiCo, Paul Polman of Unilever and Mark Bertolini of Aetna, who discussed initiatives and issues within their corporations. 

2016 Conference on Inclusive Capitalism




9:00 am

Welcome remarks

  • Lynn Forester de Rothschild, Chief Executive, The Coalition for Inclusive Capitalism
9:05 am

The gathering storm

What can the past teach us about the future?

Capitalism and globalization have come under attack before. Yet experiments with communism, fascism and populism had disastrous consequences. How can governments, businesses, and individuals incorporate lessons from history to ensure that we do not repeat the catastrophes of the 20th century? Or does technology mean that this time will be different? One of the world’s preeminent historians offers his answers.

  • Niall Ferguson, Senior Fellow, The Hoover Institution, Stanford University
9:25 am

Public commitment 

Affirming a responsibility to Inclusive Capitalism

    9:30 am

    Power centers

    How asset owners are fueling inclusive growth  

    Asset owners are in a unique position to drive the next wave of capitalism by demanding that their vast financial capital be invested according to profitable, sustainable and inclusive principles. In this session, the heads of the world’s largest sovereign wealth and pension funds and their US colleagues describe the ways they are leading their institutions towards successful long-term, inclusive rewards.

    • Jack Ehnes, Chief Executive Officer, California State Teachers' Retirement System (CalSTRS) Siv Jensen, Minister of Finance, Norway
    • Hiro Mizuno, Executive Managing Director and Chief Investment Officer, Government Pension Investment Fund, Japan
    • Moderator: Nina Easton, Senior Editor and Columnist, Fortune
    10:15 am

    Coffee Break

      10:45 am

      Introduction – Market Forces

      • Bob Greifeld, Chief Executive Officer, Nasdaq
      10:55 am

      The visible hand

      The role of asset managers in reimagining companies from within  

      Today’s most successful investment firms and asset managers are rethinking the tools of corporate governance and stakeholder engagement as a way to promote long-term value creation. This translates into restructuring corporate boards, promoting changes to compensation, updating proxy access and implementing broader ESG principles. In this session, we hear from pioneering asset managers about what they are doing to move business toward an inclusive future.

      • Jamie Dimon, Chairman and Chief Executive Officer, JPMorgan Chase & Co
      • Laurence D Fink, Chairman and Chief Executive Officer, BlackRock
      • F William McNabb III, Chairman and Chief Executive Officer, Vanguard
      • Moderator: Zanny Minton Beddoes, Editor-in-Chief, The Economist
      11:40 am

      Public Commitment

      Affirming a responsibility to Inclusive Capitalism

        11:45 am

        Tools of the trade

        Working with activist investors

        Activist investors are driving significant change at today’s largest organizations, but concerns can arise that short-term gains come at the cost of long-term value creation. Do creative ways exist to resolve the tension between short-term and long-term interests and to ensure that activist investors and long-horizon shareholders both contribute to helping companies build long-term value, a fundamental principle of Inclusive Capitalism? This session brings together one of the world’s largest asset managers and one of today’s most dynamic activist investors, alongside a legendary legal mind to explore the right mix of tools, policies, and ideas for working towards collective benefit.


        • Ronald O’Hanley, President and Chief Executive Officer, State Street Global Advisors
        • Nelson Peltz, Founding Partner and Chief Executive Officer, Trian Fund Management, L.P.
        • Moderator: Martin Lipton, Founding Partner, Wachtell, Lipton, Rosen & Katz
        12:15 pm

        Commitment roundtable discussions

        Participants share ideas and practices that will lead to greater public commitments

          12:45 pm


            1:45 pm

            Introduction – Future of work

            • Adam Posen, President, Peterson Institute for International Economics
            1:55 pm

            The big shift

            Investing in the workforce of tomorrow 

            As globalization and the rapid advance of technology have rearranged traditional pathways for employment, momentum is now building towards policies that fairly reward the economy’s most important asset: its workers. In this session, leaders from business and finance determine what changes are necessary to galvanize private sector support for initiatives that increase worker remuneration, employee engagement, and the long-term health and training of our workforce.

            • Mark Bertolini, Chairman and Chief Executive Officer, Aetna
            • Roger W. Ferguson, Jr., President and Chief Executive Officer, TIAA
            • Hon. Mark Warner, US Senator, State of Virginia
            • Theresa Whitmarsh, Executive Director, Washington State Investment Board
            • Moderator: Roger Martin, Institute Director, Martin Prosperity Institute, Rotman School of Management, University of Toronto
            2:40 pm

            Panel Introduction

            • Arianna Huffington, Founder and Chief Executive Officer, Thrive Global
            2:50 pm

            The peoples’ choice

            How asset creators are bringing Inclusive Capitalism into the mainstream

            Multinational corporations who are weaving inclusive principles into the DNA of their organizations have the greatest potential to build wide-ranging support for Inclusive Capitalism from the bottom up. In this session, chief executive officers of forward-thinking companies explain the challenges and opportunities of driving ESG strategies, implementing new integrated reporting processes, applying new metrics, and building popular support for transparency, governance, sustainability, and inclusive growth.

            • Indra Nooyi, Chairman and Chief Executive Officer, PepsiCo
            • Paul Polman, Chief Executive Officer, Unilever
            • Mark Weinberger, Global Chairman and Chief Executive Officer, EY
            • Moderator: Rana Foroohar, Assistant Managing Editor, TIME
            3:40 pm

            Coffee Break

              4:10 pm

              Matters of state

              Building policy frameworks to reinvent global capitalism

              As much as reinvention inside companies drives the future of Inclusive Capitalism, real change also demands powerful new incentives from governments. In this session, global policy experts discuss ways of crafting economic policy that enable governments, businesses and individuals to drive equitable, sustainable and inclusive growth.

              A roundtable discussion between:

              • Dr Lawrence H Summers, President Emeritus and Charles W Eliot University Professor, Harvard University
              • Dr Raghuram Rajan, Distinguished Service Professor of Finance, University of Chicago Booth School of Business
              • Martin Wolf, Chief Economics Commentator, The Financial Times
              4:50 pm

              Closing Keynote

              • Christine Lagarde, Managing Director, International Monetary Fund
              5:10 pm

              Closing remarks

              • Lynn Forester de Rothschild, Chief Executive, The Coalition for Inclusive Capitalism