Harry Samuel, CEO of RBC Investor and Treasury Services and Chairman of the European Executive Committee, Discusses Actions to Achieve Inclusive Capitalism

Corporations have a vested interest in developing their employees, which increases economic value for their organization and the economy as a whole. The next step is for the private sector to recognize that it is essential to invest in social infrastructure to underpin a dynamic and robust economy, and ensure its longevity. These investments include, but are not limited to, education, healthcare, housing, and public transportation, all of which must be designed to promote and protect equal access and opportunity.

Diversity in the workplace is a means to achieving what may be called a 'culture of inclusion', contributing to the long-term success of a capitalist society. This is an environment which welcomes diverse backgrounds and viewpoints, but also ensures employees feel entirely comfortable being themselves in their professional surroundings. Studies have shown that companies with diverse management and, in particular, diverse boards, have tended to outperform their industry peers over the long term.

Looking ahead, there are significant opportunities for private and public enterprises to partner together to invest in an array of social programs, such as scholarships for education and extracurricular activities. Investing across industries on a collective basis will strengthen the opportunities available for every individual to achieve personal success and fulfillment, resulting in tremendous benefits for society.