Click here to download a transcript of the keynote address presented by Fiona Guthrie AM, Chief Executive Officer of Financial Counselling Australia, to the ACCC 2019 National Consumer Congress.
Entitled “Reimagining the Corporation: Why we need to change the purpose of our biggest companies”. Ms Guthrie argues that:
“… the fundamental purpose of our marketplace economy is about the welfare of the community.
It isn’t to maximise the pay packets of CEOs. It isn’t to maximise shareholder value. And it isn’t to maximise the welfare of workers or consumers. It’s to maximise the welfare of all of us.”
(This transcript was originally posted on the Consumers’ Federation of Australia website.)