Plenary Panel – What’s on the mind of global business leaders?
Global business leaders share lessons learned
What’s on the mind of global business leaders? Plenty, according to a panel devoted to asking the tough questions to three world-class entrepreneurs: Regine Sixt of Sixt, Michael Lee-Chin of Portland Holdings Inc. and Jack Cowin of Competitive Foods Australia Ltd.
The global economy faces a threat if the pace of regulation continues. Sixt says she looks at regulation as having the potential to paralyze the spark necessary for risk-taking and innovation. Another disturbing trend she sees is found in management’s greed as it places more importance on bonuses over profits.
Opportunity can be found in the most unlikely places. Lee-Chin says that he believes areas of dysfunction or disruption can offer great potential to aspiring entrepreneurs. By buying a bank in Jamaica, which at the time was riddled with high unemployment, crime and unauthorized citizens, he has prospered by reinvesting and compounding yields in what he calls both human and financial capital. Jamaica (and Lee-Chin) have both prospered from reversing the brain drain and stemming the flight of capital.
As for leadership, Cowin says the CEO’s job is simple: stay in business. “Delegate but don’t abdicate. You can’t opt out and expect the vision to stay in place,” Cowin says. He has also found that rewarding his A-team makes everyone (even the losers) want to work that much harder.
Sixt makes it her mission as a leader to inspire loyalty among her employees: “They stand behind the company’s idea every day, and I never forget that this business would not be here without them.”
Global Managing Partner - Client Service
Carmine is responsible for global business performance, daily operations and executing a global strategy in the market. In his role, he brings together geographies, service lines and markets functions to provide exceptional service to our clients. Carmine is Senior Advisory Partner for many of our largest financial services clients.
Carmine has been a member of the Americas Executive since 2006 as Regional Managing Partner - Americas Financial Services Office (FSO), and during his tenure he built a business that is US-wide and strengthened our presence in the emerging markets.
Carmine has a BA in Chemistry with a minor in Economics from Colgate University. He has an MBA from New York University’s Stern School of Business. He is a practicing CPA in New York, New Jersey and Massachusetts.
Portland Holdings Inc.
Entrepreneur Of The Year 1996 Canada
As Chairman of Portland Holdings, it is Michael’s entrepreneurial vision and philosophy of “doing well and doing good” that resulted in phenomenal business success and inspiring philanthropic initiatives.
Portland Holdings is a privately held company that manages public and private equity, and owns a collection of diversified businesses operating in various countries and sectors around the world, including the National Commercial Bank Jamaica Limited and the Portland Private Equity Fund. Through Michael’s leadership, Portland Holdings strives to build strong businesses that support the well-being of the communities in which they operate.
Michael, who is regarded as one of Canada’s most successful investors and business leaders, was awarded the EY Entrepreneur Of The Year Canada in 1996 and has been profiled in Forbes, Fortune, Canadian Business, Black Enterprise, National Post and Time magazines. Michael has received several honorary doctorates and, in 2008, he received the Order of Jamaica – one of the country’s highest national honors for outstanding service in business and philanthropy.
Executive Vice President
Regine is the Executive Vice President of Sixt, one of the oldest, most prestigious car rental companies in all of Europe – and the world. Over the years, the Sixt family has turned their small start-up business into an international organization, operating in 105 countries with a global fleet of more than a quarter of a million cars.
Regine’s been awarded Business Woman of the World, Woman of the Year and the Bavarian Order of Merit, and has created the Children’s Aid Foundation, Drying Little Tears. She serves as the Honorary Consul General of Barbados in Germany, and is a Senator of the WES and the BVMW, the German Government’s official association for small and medium-sized businesses.
Since 2014, she has proudly held the title of Honorary Member of the Global Woman in Business Advisory Council.
Founder and Executive Chairman
Competitive Foods Australia Ltd.
Entrepreneur Of The Year Australia Judge 2005, 2006, 2008
Jack is the founder and Executive Chairman of Competitive Foods Australia, a business that has grown from a single food service outlet to a business of $1.2b in revenue that employs more than 16,000 staff throughout Australia.
Jack moved to Australia from Canada to establish his business. In addition to operating 350 restaurants in Australia, the company operates five manufacturing facilities producing frozen value-added meat products as well as processing fresh vegetables. It exports to 29 countries.
Jack is an accomplished entrepreneur. In addition to his role at Competitive Foods Australia, he is also the director of the Network Ten television business; Chandler McLeod, a listed recruitment company; Sydney Olympic Park; and Fairfax Media. He is the Chairman-elect and the largest shareholder of Domino's Pizza, a listed public company.
Jack is the largest shareholder in BridgeClimb, a major tourist attraction in Sydney.