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INSIGHTS/ THE CEO: Mark Carney - Leading an Organisation in a Crisis

What leaders need during a crisis is not a predefined response plan but behaviors and mindsets that will prevent them from overreacting to yesterday’s developments and help them look ahead.

- McKinsey - Leadership in a crisis: Responding to the coronavirus outbreak and future challenges

Few people have more experience in leading an organisation through a crisis than Mark Carney.

My experiences in the public and private sector have given me a perspective on the three crises of this century—of credit, Covid, and climate—which I believe are driven by a common crisis of values. 

The narrowing of our values towards market fundamentalism has contributed to the growing exclusivity of capitalism and the rise of populism. In order to build an economy that works for all, we need to recast the relationship between values and value through values-based leadership, purpose-driven companies, impact investing and national strategies which balance resilience, fairness, sustainability with dynamism. - Mark Carney

From 2008 until 2013 as Governor of the Bank of Canada and then as Governor of the Bank of England from 2013 until 2020 Mark Carney steered two key institutions through the worst global economic crisis since the Great Depression, the European sovereign debt and Euro crisis and, finally, the ups and downs of BREXIT.  Aside from his day-to-day responsibilities as a central banker, he also chaired from 2011 to 2018 the Financial Stability Board, the international body that monitors and makes recommendations about the global financial system. 

And let's not forget he is also a son, a husband and father of four.

Mark Carney is a long-time and well-known advocate for sustainability, specifically with regard to the management and reduction of climate risks, and is currently the United Nations Special Envoy for Climate Action and Finance.

He is also an external member of the Board of Stripe Inc., a global technology company building economic infrastructure for the internet and a member of the Global Advisory Board of PIMCO, the Group of Thirty, the Foundation Board of the World Economic Forum, the Harvard Board of Overseers, Oxford Blavatnik School of Government, as well as the boards of Bloomberg Philanthropies, the Peterson Institute for International Economics and the Hoffman Institute for Global Business and Society at INSEAD.

Mr. Carney received a bachelor’s degree in Economics from Harvard University and a master’s degree and doctorate from Oxford University. Prior to his governorships, Mr. Carney worked at Goldman Sachs as well as the Canadian Department of Finance.

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December 7

INSIGHTS/ The Expert: Dr. Randall S. Peterson (LBS): How the CEO's Personality affects Organisational Performance

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January 18

INSIGHTS/ THE CEO: Peer Schatz - Building a Culture of Mentorship