GOOD GOVERNANCE: LIGHTEN UP OR TIGHTEN UP?
Nicolas Berggruen, Chairman, Berggruen Holdings
Interviewed by Anne Dias Griffin, Founder and Managing Partner, Aragon Global Management, and Copresident, Kenneth and Anne Griffin Foundation
The United States and China’s governance problems are in many ways mirror images of each other, according to Nicolas Berggruen. While the US confronts an ongoing fiscal crisis with political gridlock, China’s one-party system, flush with foreign reserves, is confronting growing social discontent. The manner in which the two most important economies in the world govern through their respective crises will have a dramatic impact on global economic growth. What constitutes good governance and how does this contribute to economic growth in diverse political systems? What are the implications for global business and what role should the private sector play in promoting good governance?
Nicolas Berggruen is the chairman of Berggruen Holdings, a private company, with operations in the US, Europe, and Asia, as well as real estate and financial investments globally. Through the Nicolas Berggruen Institute, an independent, nonpartisan think tank, he encourages the study and design of systems of good governance. Prior to Berggruen Holdings, he worked in real estate for Bass Brothers Enterprises, as well as for Jacobson and Co., Inc., a leveraged buyout company. In 1988, Berggruen cofounded the Alpha Group, a hedge fund, which was sold to Safra Bank in 2004. He holds a BS from New York University.
Anne Dias Griffin is the founder and managing partner of Aragon Global Management, an investment fund focusing on US and international stocks. She also serves as copresident of the Kenneth and Anne Griffin Foundation. Prior to founding Aragon, she was an analyst at Viking Global Investors. Before joining Viking, Dias Griffin held positions with Soros Fund Management, Fidelity Investments Limited, and Goldman Sachs. She graduated Summa Cum Laude and Phi Beta Kappa from the Georgetown University School of Foreign Service and holds an MBA from Harvard Business School.
Nicolas Berggruen’s recent book, Intelligent Governance for the 21st Century: A Middle Way Between West and East, will be available for purchase and signing after the program.