Our objectives and approach to achieving inclusive growth and common prosperity also covers access to basic services: healthcare, finance and digital services.
As a trusted guardian, we believe more equitable growth is in the interest of clients, as more investment opportunities can be created. In the long term, inequality can create systemic risks, such as breakdowns in social cohesion and trust, disruptions to political stability, and undue financial system turbulence. Finally, we believe political and regulatory interest in achieving broad based shared prosperity is growing. The importance of this is something that the investment community is only just beginning to understand.
We have developed a framework on remuneration that better captures our concerns and beliefs that shall promote inclusive growth and shared prosperity. We have decided to focus first on the US because the market has the highest absolute levels of pay in the world, as well as some of the widest disparities between executives and workers, and between executives and the national median income amongst the OECD nations. Our learning from the US market may inform work we do in other markets, such as the UK.
Our voting strategy on Inclusive Growth & Shared Prosperity