Commonwealth Cofounder and Chair Peter Tufano, Dean of Saïd Business School at the University of Oxford, and Commonwealth Cofounder and Executive Director Timothy Flacke shared their perspective on shareholder dividends during COVID-19 with Next Billion.

“In this downturn, banks have a clear set of business decisions to make. Faced with a real villain – an invisible virus – they can play it safe or step up. This is an historic opportunity for the financial sector – not just to change its own story, but to help write the next chapter of American capitalism, to literally put their money where their mouths are, and show that pledges to serve all stakeholders are not hollow promises. In heeding their workers’ and customers’ cries for help, they will play a vital role in promoting widespread household financial security and help build greater trust in the financial system.”