Leaders need humility, empathy -Bank of England's Carney

By Kitco News / February 19, 2018 / www.kitco.com / Article Link

LONDON, Feb 19 (Reuters) - Successful leaders need to show humility and empathy among other virtues to win the trust of citizens who see globalisation as creating inequality and low wages, Bank of England Governor Mark Carney said on Monday.

"While you should always marshal your facts, you must engage people's intuitions and win their trust in order to convince them. Do this through empathy," Carney told an event hosted by London's Regent's University and Christian think tank Meditatio.

Social media had made people more divided, an in advanced economies many people were mistrustful of globalisation and multinational companies, the former Goldman Sachs banker said.

"Every technological revolution mercilessly destroys jobs and livelihoods - and therefore identities - well before the new ones emerge," he said.

The Canadian is due to step down as governor at the end of June 2019, and Britain's government is expected to name his successor later this year.

"Do not confuse your leadership role with yourself or become addicted to the status and privileges of powers," he advised. "If possible - although it's a bit late for me - take a cue from Cincinnatus and Washington, and leave before you are asked."


(Reporting by David Milliken; editing by John Stonestreet)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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