21 Nov 2017
Three senior business executives are welcomed as Executive Fellows into London Business School’s Finance Faculty.
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. 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.”
London Business School's vision is to have a profound impact on the way the world does business, and the way business impacts the world. The School is consistently ranked in the global top 10 and is widely acknowledged as a centre for outstanding research. As well as its highly ranked degree programmes, the School offers award-winning executive education programmes* to executives from around the world. With a presence in five international cities – London, New York, Hong Kong, Shanghai and Dubai – the School is well positioned to equip students from more than 130 countries with the tools needed to operate in today’s business environment. The School has more than 40,000 alumni, from over 150 countries, which provide a wealth of knowledge, business experience and worldwide networking opportunities. London Business School’s 157 academics come from more than 30 countries and cover seven subject areas: accounting; economics; finance; management science and operations; marketing; organisational behaviour; and strategy and entrepreneurship.
*London Business School’s Executive Education programmes overall have been ranked in the top five, by the Financial Times (FT) 2015. London Business School was awarded the 2013 EFMD Excellence in Practice Award for its 10-year partnership with Danone.
London Business School website: www.london.edu