This year’s edition of the World Forum Lille on Sustainable Finance – to be held in Northern France from November 19 to 21 – will take place amid an atmosphere of uproar surrounding the scale of bonuses expected to be paid out by some of the world’s largest banks.
The Wall Street Journal has estimated that the 23 leading U.S. banks will pay out up to $140 billion in bonuses to employees this Christmas, a figure which dwarfs last year’s total of 117 billion and even beats 2007’s $130 billion. The U.S. Congress is planning to investigate executive remuneration at all the banks that have received bail out funds.
The conference, now in its third year, is aimed at exploring ways of promoting CSR and sustainability in the global financial sectors. The founder and organizer of the event is Philippe Vasseur, a former French minister and current head of the supervisory board of Crédit Mutuel Nord Europe.
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