The FINANCIAL -- Three senior business executives are welcomed as Executive Fellows into London Business School’s Finance Faculty.
• Stan Beckers is Chair of the AQR Asset Management Institute at London Business School and most recently was a member of the Management Board of NN Group with responsibility for NN Investment Partners (previously known as ING Investment Management).
• Tom Gosling is Partner in PwC’s Executive Remuneration Practice.
• Dominic Rossi is Global Chief Investment Officer, Equities of Fidelity International and a member of Fidelity’s senior management team, the Global Operating Committee.
The three Executive Fellows will each fulfil their new role with London Business School (LBS) while retaining their ongoing position with their respective employer.
Professors Suleyman Basak and Narayan Naik, joint chairs of Finance at LBS, welcomed the appointment of the Executive Fellows, describing them as an “asset” to the School.
“We are delighted that these three highly experienced and respected professionals are joining LBS as Executive Fellows of the Finance Faculty. Their appointment comes at a time when business in general, and finance in particular, is coming under close scrutiny for the role it plays in society,” said Professor Basak.
“Tom, Stan and Dominic are committed to ensuring finance serves society at large, not just short-term profit, a view which I and colleagues are keen to promote. They bring their practical experience to bear along with their contacts, and with business at a critical moment, we need the best and brightest to join LBS in flying the flag for ethics and long-term business vision,” said Professor Naik.
Tom Gosling and Dominic Rossi both hold roles with The Purposeful Company Task Force, a consortium of FTSE companies, investment houses, business schools, consultancies and policy makers, established in 2015, according to London Business School.
The Purposeful Company’s principal remit is to examine how the governance and capital markets environment in the UK can be enhanced to support the development of value generating companies, acting with purpose to the long-term benefit of all stakeholders. A hallmark of The Purposeful Company’s approach is its grounding in rigorous academic research.
“Our mission is to repurpose UK business so that it creates long-term value to benefit the whole of society,” says Alex Edmans, a Professor of Finance at LBS and also a member of the Purposeful Company Task Force. “There’s compelling evidence that purpose is critical for a company’s long-term success – there is no trade-off between purpose and profit. In particular, purpose ‘glues’ the different stakeholders of an organisation – customers, employees, suppliers, communities, and investors – towards a common mission. But purpose must be more than just a mission statement; our aim is to design policies that embed purpose into the heart of business, so that it changes the way companies and investors think and act.”