The Folly of Entrenched Interests

FED

The blindness of entrenched interests to the looming forces that threaten to disrupt their legitimacy and the lives of those who depend upon it is the was the defining failure of major corporate and government institutions today.  Some work diligently to overcome that obstacle with sound governance practices and a sensitivity to the foundation of stakeholder support upon which they ultimately depend.  Most do not.

This failure was, and in many ways remains, a principal cause of the near collapse of the world’s financial markets in 2008— a tectonic event which continues to play havoc with countless lives today and is a cause of the growing economic divide and wealth/income inequality that threatens both the existence of the middle class and longer term social stability.Read more

from Finlay ON Governance, 2014

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