Meet Damien and Charles: A Corporate Philosopher and Banking Practitioner Who Believe Money Can Be Put To Good Use
With the launch of Building Banking on Values, a new VoiceAmerica radio series I’m hosting that goes behind the scenes to tell the stories of the people, passion and positivity within the values-based banking and financing sector; I thought to introduce you to some of our guests. Listen to the show episodes right here!
MeetÂ Damien Walsh, Â Managing Director, Â Bank Australia,Â WhoseÂ Motto isÂ ‘Money Should be Put to Good Use’
Damien became Managing Director of Bank Australia on 1 September 2011, after serving as General Manager of Corporate Services for eight years and also being Company Secretary. Damien has over 25 years of experience in the mutual banking sector.
Damien has worked primarily in the financial services sector, having spent time at Enterprise, Esso Employees, Outlook and Members Australia Credit Unions.
Damien is responsible for and manages the bankâs operations. He works with the Board in setting strategy, monitoring performance and budget, and ensuring the bank adheres to all prudential, legal and compliance matters.
He has been instrumental in shaping the bankâs response to sustainable development. A highlight was his presentation at the 2005 UNEP FI Global Roundtable at the United Nations, New York.
Damien is a Fellow of CPA Australia and a graduate of the Australian Institute of Company Directors. He holds a Bachelor of Business and a Masters in Business Administration.
As Australiaâs first 100% customer owned bank, Bank Australia see the business of banking a little differently to their competitors. Being sharp on price, and making a proï¬t is important but Bank Australia believes money should also be put to good use, creating positive social, environmental and cultural outcomes. A kind of mutual prosperity for all.
Not being bound by the demands of investors means the bank acts in the best long term interests of their customers. Put simply, as a customer and part owner of the bank, they are answerable only to customers. ‘We respect your point of view, which is why our customers each have an equal say in how we go about our business. Customers have been banking with us since 1957 and today nearly 130,000 people and community sector organisations choose to bank with us. Our profits are reinvested in the bank to provide fairer fees, better interest rates, and the responsible products and services that our customers expect. And be reassured, we have to meet the same prudential standards that apply to all Australian banks, so you can be certain that banking with Bank Australia is safe and secure.’Â Learn more.
Meet Charles Hampden-Turner, Management Philosopher, Researcher and Advocate for Values-based Corporate Cultures
Charles Hampden-Turner is a British management philosopher, and Senior Research Associate at theÂ Judge Business School,Â University of Cambridge since 1990. He is the creator of Dilemma Theory, and co-founder and Director of Research and Development at the Trompenaars-Hampden-Turner (THT) Group, in Amsterdam.
In his latest book, Nine Visions of Capitalism, Charles examines the values essential to wealth creation and some of the movements, people and banks leading the values-based way to economic success. Nine Visions of Capitalismsuggests that a marriage of East meets West corporate cultures holds the clue to competitiveness. While many economies have only one cultural context, the most successful economies have two and can switch between them. Context switching is vital to commerce since the views of producers and consumers, owners and operators, management and labour are far enough apart to be considered opposites.
Charles received his masters and doctorate degrees from the Harvard Business School and was the recipient of the Douglas McGregor Memorial Award, as well as the Columbia University Prize for the Study of the Corporation.
He won Guggenheim, Rockefeller and Ford Foundation Fellowships and has worked as a consultant for Shell, BP, Digital Equipment, The Economic Council of Canada, the BBC, Philips, Nissan, DSM, Dow Chemical, AMD, Sematech and Apple computers among others.
He has conducted research throughout Europe and North America and is the author of nine books, including: Maps of the Mind, MacMillan (1981), Charting the Corporate Mind, Basil Blackwell and the Free Press (1990), and Corporate Culture: Vicious and Virtuous Circles. He has worked with Fons Trompenaars onThe Seven Cultures of Capitalism, Mastering the Infinite Game, Building Cross-Cultural Competence and 21 Leaders for the 21st Century. Learn more.
Read the THT Blog.
Watch the video. Nine Visions of Capitalism.
Don’t forget to tune into Building Banking on Values. My VoiceAmerica radio show airs on Thursdays 15:00 PDT on the Business channel. Learn more.
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