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Stories are patterns that connect cause and effect. This helps us to make sense of the world around us. My own industry is built on its ability to structure and tell stories. But what makes a good one?
Lord Michael Hastings is KPMG’s Global Head of Corporate Citizenship, a Davos-veteran, and has an eminent history of encouraging those in power to help those in need. Kekst CNC sat down with Lord Hastings to hear about his career, his journey promoting corporate responsibility, and why he thinks purpose is crucial in the business world.
Purpose is not a PR and marketing push. It should frame the way a business conducts itself, uniting an entire organisation it its mission. And it should be seen as a critical component in long term, sustainable growth.
Over the course of 2018, speculation suggesting that Private Equity (PE) faces an imminent crisis has intensified. A surplus of investor cash chasing returns, persistently low-interest rates and a shortage of investible assets have combined to fuel concerns of a slowdown in the market.
Investor interest in private equity funds continues to break records. The low interest rate environment and sheer amount of money in the market has not only fuelled the number of deals at historic high valuations, but has left many funds with significant amounts of cash burning a hole in their pockets.