From Mr Simon Zadek.
Sir, Matthew Kennard and Shannon Bond are right in highlighting the growing support for those demonstrating under the banner of Occupy Wall Street (“Wall Street protest strikes a chord as ranks grow”, October 5). Missing, however, is that this movement for change is smart as well as noisy.
The eight core demands that have been published online for Wiki-style debate make sense, while lacking slick branding, language and graphics. Resetting the behaviour of the financial community to remove conflicts of interest and short-termism by strengthening barriers between the political process and corporate interests, effective regulatory oversight and the application of the law of the land is hardly a contentious proposition.
Real investors – that is, we as citizens – should support this voice of reason as it offers the potential for more effective stewardship of our risk-adjusted financial returns, as well as advancing private investment in the transition to a sustainable economy.
Simon Zadek, Cologny, Switzerland
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