The old model of companies focusing solely on their bottom line profits is broken – they are part of their community and ignore their social licence to operate at their peril, says new Productivity Commission chairman Ganesh Nana. “There has been a recognition, probably from the GFC (global financial crisis) onwards, that perhaps the model is a bit broken and isn’t quite delivering what we want, and a recognition from corporates that they are part of a community,” Nana says. If we mess up the environment that’s for someone else to fix up, or if we employ people at minimum wage, that’s for someone else to fix it. “That’s the government playing its role, as it should have, and that’s businesses recognising that role. ROSA WOODS/Stuff Productivity Commission chairman Ganesh Nana has lived in Newtown, Wellington for 40 years.

Source: Stuff July 01, 2021 17:03 UTC