“At a time when this crisis poses major new challenges to policymakers, I believe that bringing together such a rich panel in terms of diversity and experience will allow us to identify a set of pragmatic, actionable steps on major issues such as financial regulation, global governance, monetary imbalances, development and environment. One lesson to learn from the crisis is that old recipes are not necessarily the most appropriate ones to solve new problems arising from globalization and increasing interdependence among regions. New solutions must emerge and be driven by new leaders who have demonstrated high potential in their area. I am very pleased to lead this initiative and look forward to the many discussions we will have on this occasion.”
– Fabrice Seiman, Co-President, Lutetia Capital, France.
OBJECTIVE
The Paris Initiative, placed under the High Patronage of French President Nicolas Sarkozy is being launched in order to have a structured brainstorming with young leaders in order to formulate concrete and realistic recommendations supported by civil society and likely to be endorsed by the French Presidency of the G 20 in 2011.
This task force of Young Global Leaders – composed of several ministers and former ministers, NGO founders, corporate executives, university professors and journalists – along with Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, will gather in Paris on 29-30 June, 2010.
They will launch the initiative during talks with Christine Lagarde, Minister of Economy, Industry and Employment of France, Jean-Francois Copé, Majority Leader in the French Parliament, Jean-David Levitte, Diplomatic Adviser and Sherpa to the French President as well as several French CEOs including Maurice Levy, Chairman and CEO, Publicis Groupe, Lars Olafsson, CEO, Carrefour and Henri de Castries, CEO, Axa.
The initiative will initially focus its discussions and recommendations in five policy areas:
- Financial Regulation (with initial insights provided by YGLs Liz Loyd and Pierre Gentin)
- Global Risks (with initial insights provided by YGLs Jill Janaina Otto, Erwann-Michel Kerjan and Christopher Jahns)
- Economic and Monetary Policies (with initial insights provided by YGLs FX de Mallmann and Silvana Koch-Mehrin)
- International Governance (with initial insights provided by YGLs Governor Enrique Peña Nieto and Mark Leonard)
- Development (with initial insights from YGLs Boris Nikolic, Kate Roberts and Reuben Abraham)
The participants of the initiative will relay the various ideas in their respective countries to facilitate an international consensus on these proposals. The group will organize a big event at the launch of the French Presidency of the G20.
LEADERS
Thomas Buberl, CEO of Zurich Switzerland, Zurich Insurance, Switzerland
Fabrice Seiman, Co-President, Lutetia Capital, France
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