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3 August, 2020
Mike Froman, Vice Chairman and President, Strategic Growth for Mastercard, speaks about issues of economic opportunity, diversity and inclusiveness in the wake of the death of George Floyd and the disproportionate impact of COVID-19 on African Americans.
In a conversation with Bart Van Ark, Executive Vice President and Global Chief Economist at The Conference Board, Froman highlights Mastercard’s approach to racial equity and the tangible steps they’ve taken to foster financial inclusion on a global scale.
“It was a recognition that as a global company, we thrive when economies thrive, and the only really truly sustainable form of growth is inclusive growth,” Froman said. He goes on to discuss the broader shift he has seen take place in the corporate landscape: “Companies are understanding that they operate in a social environment and need to focus on their social impact as part of achieving long-term shareholder value.”
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Bart van Ark
Bart van Ark is a Senior Advisor of the Economy, Strategy and Finance (ESF) Center at The Conference Board. From 2008 until September 2020 he was Chief Economist and Head of the ESF Center, where he oversaw the production of widely watched economic indicators and growth forecasts around the globe...Full Bio
Mike Froman serves as vice chairman and president, Strategic Growth for Mastercard. In that role he is responsible for growing strategic partnerships, scaling new business opportunities, and advancing the company’s efforts to partner with governments and other institutio...Full Bio