<div class="xblock xblock-public_view xblock-public_view-vertical" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@vertical+block@0d48a810ea4d4193b191a0d5f3893a46" data-init="VerticalStudentView" data-block-type="vertical" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<h2 class="hd hd-2 unit-title">Anchors of Intention</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@51498b84fa5a444a9f82fc38847ef9bf">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@51498b84fa5a444a9f82fc38847ef9bf" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-align: left; direction: ltr; unicode-bidi: embed; mso-line-break-override: none; word-break: normal; punctuation-wrap: hanging;">Is there <span style="font-size: 12pt; color: black;">a recipe for success that enables Just Banks to maintain a mission and a sustainable business over time? We found that there is no “one-size-fits-all” solution but there are several factors that, when in place, allow a bank or a financial institution to stay connected to a mission</span><span style="font-size: 12pt; color: black;">.<span style="mso-spacerun: yes;"> </span></span></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-align: left; direction: ltr; unicode-bidi: embed; mso-line-break-override: none; word-break: normal; punctuation-wrap: hanging;"><span style="font-family: 'Open Sans', Verdana, Arial, Helvetica, sans-serif;"><span style="font-size: 12pt; color: black;"><span style="mso-spacerun: yes;"><br /></span>We call these the “anchors” of the intention in the organization.<span style="mso-spacerun: yes;"> </span>In the following videos we will introduce and outline the six core anchors: </span></span></p>
<ol><ol><ol>
<li><span style="color: black; font-size: 12pt; line-height: 1.6em;">Culture</span></li>
<li><span style="color: black; font-size: 12pt; line-height: 1.6em;">Ownership </span></li>
<li><span style="color: black; font-size: 12pt; line-height: 1.6em;">People </span></li>
<li><span style="color: black; font-size: 12pt; line-height: 1.6em;">G</span><span style="color: black; font-size: 12pt; line-height: 1.6em;">overnance </span><span style="color: black; font-size: 12pt; line-height: 1.6em;">& Leadership</span><span style="color: black; font-size: 12pt; line-height: 1.6em;"> </span></li>
<li><span style="color: black; font-size: 12pt; line-height: 1.6em;">Policies & Processes </span></li>
<li><span style="color: black; font-size: 12pt; line-height: 1.6em;">Accountability</span></li>
</ol></ol></ol>
<p></p>
<p><span style="color: black; font-size: 12pt; line-height: 1.6em;"><span style="font-family: 'Open Sans', Verdana, Geneva, sans-serif, sans-serif; line-height: 22.4px;">To download the image created in this video, press the "Download Handout" button under the video player.</span></span></p>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@ad7912830f0445d88d16495eaed86450">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@ad7912830f0445d88d16495eaed86450" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">6 Anchors of Intention</h3>
<div
id="video_ad7912830f0445d88d16495eaed86450"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/1231277131bc489cb216b57899d8ade6.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292850&Signature=aM2DJikWG2UJEveTP7oFlrItALM%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:BiFkykjLrYk", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@ad7912830f0445d88d16495eaed86450/handler/publish_completion", "duration": 147.26, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@ad7912830f0445d88d16495eaed86450/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@ad7912830f0445d88d16495eaed86450/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@ad7912830f0445d88d16495eaed86450/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V007100_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V007100/MIT114052016-V007100.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="ad7912830f0445d88d16495eaed86450"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_ad7912830f0445d88d16495eaed86450">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_ad7912830f0445d88d16495eaed86450">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@ad7912830f0445d88d16495eaed86450/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@ad7912830f0445d88d16495eaed86450/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
<div class="wrapper-handouts">
<h4 class="hd hd-5">Handouts</h4>
<a class="btn-link" href="/asset-v1:MITx+11.405x+2T2020+type@asset+block@4.05_SixAnchors.png">Download Handout</a>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-2" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@902ed22c47f548159842a3b9206e9f56">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@902ed22c47f548159842a3b9206e9f56" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><img src="/assets/courseware/v1/dd60a7751bb895bd7d591366c3f8cdd3/asset-v1:MITx+11.405x+2T2020+type@asset+block/4.05_SixAnchors.png" alt="Six Anchors Drawing" type="saveimage" target="[object Object]" preventdefault="function (){r.isDefaultPrevented=n}" stoppropagation="function (){r.isPropagationStopped=n}" stopimmediatepropagation="function (){r.isImmediatePropagationStopped=n}" isdefaultprevented="function t(){return!1}" ispropagationstopped="function t(){return!1}" isimmediatepropagationstopped="function t(){return!1}" /></p>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@vertical+block@c3c1db61d2fa47f5adbd48bffb4f40b9" data-init="VerticalStudentView" data-block-type="vertical" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<h2 class="hd hd-2 unit-title">Core Anchor: Culture</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@95ae0f7203cf48b18f820c9c227ff45e">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@95ae0f7203cf48b18f820c9c227ff45e" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p>This section will introduce Culture as the first core anchor of an intention in an organization. </p>
<p><span style="color: #000000; font-family: 'Open Sans', Verdana, Geneva, sans-serif, sans-serif; line-height: 22.4px;">To download the image created in this video, press the "Download Handout" button under the video player.</span></p>
<p></p>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@5b531469190945e585cd572b44aa413d">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@5b531469190945e585cd572b44aa413d" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Culture</h3>
<div
id="video_5b531469190945e585cd572b44aa413d"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/59c7641c2eed414399e280f3398eba0b.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292851&Signature=oR%2BmU60QkVrXQX17Dvf4zZk08Fo%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:ozSit2UOFLQ", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@5b531469190945e585cd572b44aa413d/handler/publish_completion", "duration": 221.47, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@5b531469190945e585cd572b44aa413d/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@5b531469190945e585cd572b44aa413d/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@5b531469190945e585cd572b44aa413d/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V007200_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V007200/MIT114052016-V007200.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="5b531469190945e585cd572b44aa413d"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_5b531469190945e585cd572b44aa413d">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_5b531469190945e585cd572b44aa413d">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@5b531469190945e585cd572b44aa413d/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@5b531469190945e585cd572b44aa413d/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
<div class="wrapper-handouts">
<h4 class="hd hd-5">Handouts</h4>
<a class="btn-link" href="/asset-v1:MITx+11.405x+2T2020+type@asset+block@4.06_Culture.png">Download Handout</a>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-2" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@3f9d442cc34f46ab90e426616fc4f2a4">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@3f9d442cc34f46ab90e426616fc4f2a4" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><strong>More Material on Culture</strong></p>
<p>Prof. Ed Schein was one of the first scholars in the field of organizational development to identify culture as an important characteristic of businesses and organizations. In this video he shares some of his insights. </p>
<p>Please note: This video is <strong>not required</strong> for those seeking a certificate.</p>
</div>
</div>
<div class="vert vert-3" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@955392971e4d48f98e35f65cf8da307d">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@955392971e4d48f98e35f65cf8da307d" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Guest Faculty: Ed Schein</h3>
<div
id="video_955392971e4d48f98e35f65cf8da307d"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/5a7b3bbefc9040259e46617c13a148b4.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292851&Signature=G1KOzNZ%2BMpepIw2QiC0h4x%2BYCCg%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:xQMlXIae5Ho", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@955392971e4d48f98e35f65cf8da307d/handler/publish_completion", "duration": 661.84, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@955392971e4d48f98e35f65cf8da307d/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@955392971e4d48f98e35f65cf8da307d/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@955392971e4d48f98e35f65cf8da307d/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V006800_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V006800/MIT114052016-V006800.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="955392971e4d48f98e35f65cf8da307d"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_955392971e4d48f98e35f65cf8da307d">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_955392971e4d48f98e35f65cf8da307d">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@955392971e4d48f98e35f65cf8da307d/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@955392971e4d48f98e35f65cf8da307d/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-4" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@51591370b8a04330ad9679e78bf571e3">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@51591370b8a04330ad9679e78bf571e3" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><strong>Biography</strong></p>
<p style="-webkit-font-smoothing: antialiased; margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-stretch: inherit; font-size: 16px; line-height: 30px; font-family: 'Avenir LT W01_65 Medium1475532', sans-serif; vertical-align: baseline; color: #222222;"><span style="font-family: 'Open Sans', Verdana, Arial, Helvetica, sans-serif;">Edgar Schein is the <em style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;">Society of Sloan Fellows Professor of Management Emeritus </em>and a Professor Emeritus at the MIT Sloan School of Management.</span></p>
<p style="-webkit-font-smoothing: antialiased; margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-stretch: inherit; font-size: 16px; line-height: 30px; font-family: 'Avenir LT W01_65 Medium1475532', sans-serif; vertical-align: baseline; color: #222222;"><span style="font-family: 'Open Sans', Verdana, Arial, Helvetica, sans-serif;">Schein investigates organizational culture, process consultation, research process, career dynamics, and organization learning and change. In <em style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;">Career Anchors</em>, third edition (Wiley, 2006), he shows how individuals can diagnose their own career needs and how managers can diagnose the future of jobs. His research on culture shows how national, organizational, and occupational cultures influence organizational performance (<em style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;">Organizational Culture and Leadership</em>, fourth edition, 2010). In <em style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;">Process Consultation Revisited</em> (1999) and <em style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;">Helping</em> (2009), he analyzes how consultants work on problems in human systems and the dynamics of the helping process. </span></p>
<p style="-webkit-font-smoothing: antialiased; margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-stretch: inherit; font-size: 16px; line-height: 30px; font-family: 'Avenir LT W01_65 Medium1475532', sans-serif; vertical-align: baseline; color: #222222;"><a href="http://mitsloan.mit.edu/faculty-and-research/faculty-directory/detail/?id=41040" target="[object Object]">Read more</a></p>
</div>
</div>
<div class="vert vert-5" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@83b25f07509b4e82a2ba13eb5728c513">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@83b25f07509b4e82a2ba13eb5728c513" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><img src="/assets/courseware/v1/7321f731f3f9926d8a0a7b0c26616d33/asset-v1:MITx+11.405x+2T2020+type@asset+block/4.06_Culture.png" alt="Drawing of Culture Lecture" type="saveimage" target="[object Object]" preventdefault="function (){r.isDefaultPrevented=n}" stoppropagation="function (){r.isPropagationStopped=n}" stopimmediatepropagation="function (){r.isImmediatePropagationStopped=n}" isdefaultprevented="function t(){return!1}" ispropagationstopped="function t(){return!1}" isimmediatepropagationstopped="function t(){return!1}" /></p>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@vertical+block@a1921c9299634fd58d21dfe5104d243c" data-init="VerticalStudentView" data-block-type="vertical" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<h2 class="hd hd-2 unit-title">Core Anchor: Ownership</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@004071d42f0e4989b6a663262c74c5fe">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@004071d42f0e4989b6a663262c74c5fe" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p>As we emphasized in Module 3, ownership matters. How a bank is owned plays an important role in its ability to maintain a mission over time. Watch the videos and read the text below to learn more.</p>
<p><span style="color: #000000; font-family: 'Open Sans', Verdana, Geneva, sans-serif, sans-serif; line-height: 22.4px;">To download the image created in this video, press the "Download Handout" button under the video player.</span></p>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@e4393dd5e0e149e888e57068ef4e6e62">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@e4393dd5e0e149e888e57068ef4e6e62" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Ownership</h3>
<div
id="video_e4393dd5e0e149e888e57068ef4e6e62"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/8067c76b807746a4bd4cd4d7d537c14c.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292851&Signature=oTRSqQTNCN696H6jcLXsptf6F3M%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:K4EcQnw3ip0", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@e4393dd5e0e149e888e57068ef4e6e62/handler/publish_completion", "duration": 96.32, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@e4393dd5e0e149e888e57068ef4e6e62/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@e4393dd5e0e149e888e57068ef4e6e62/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@e4393dd5e0e149e888e57068ef4e6e62/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V007300_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V007300/MIT114052016-V007300.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="e4393dd5e0e149e888e57068ef4e6e62"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_e4393dd5e0e149e888e57068ef4e6e62">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_e4393dd5e0e149e888e57068ef4e6e62">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@e4393dd5e0e149e888e57068ef4e6e62/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@e4393dd5e0e149e888e57068ef4e6e62/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
<div class="wrapper-handouts">
<h4 class="hd hd-5">Handouts</h4>
<a class="btn-link" href="/asset-v1:MITx+11.405x+2T2020+type@asset+block@4.07_Ownership.png">Download Handout</a>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-2" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@8765dfa9f314453aa148969f65c5b6d4">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@8765dfa9f314453aa148969f65c5b6d4" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><strong>Survey</strong></p>
<p>We're curious to know how your bank is owned. Please fill out the survey and click "submit" to see the responses from your fellow participants.</p>
</div>
</div>
<div class="vert vert-3" data-id="block-v1:MITx+11.405x+2T2020+type@poll+block@8e57c3f3aea44be19903a280605ebd39">
<div class="xblock xblock-public_view xblock-public_view-poll" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@poll+block@8e57c3f3aea44be19903a280605ebd39" data-init="PollBlock" data-block-type="poll" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script class="poll-results-template" type="text/html">
<h3 class="poll-header">{{display_name}}</h3>
<div class="poll-question">{{{question}}}</div>
<div class="poll-results-wrapper" role="radiogroup" tabindex="0">
<h4 class="poll-header">{{gettext "Results" }}</h4>
<ul class="poll-answers-results poll-results {{~#if any_img}} has-images{{/if}}">
{{#each tally}}
<li class="poll-result">
<div class="poll-result-input-container">
<input id="answer-{{key}}-{{../block_id}}" type="radio" disabled {{#if choice}}checked{{/if}} />
</div>
{{~#if ../any_img~}}
<div class="poll-image result-image">
<label for="answer-{{key}}-{{../block_id}}" class="poll-image-label">
{{#if img}}
<img src="{{img}}" alt="{{img_alt}}"/>
{{/if}}
</label>
</div><div class="percentage-gauge-background"></div>
{{~/if~}}
<div class="percentage-gauge-container">
<div class="percentage-gauge" style="width:{{percent}}%;"></div>
<label class="poll-answer-label" for="answer-{{key}}-{{../block_id}}">{{{answer}}}</label>
</div>
<div class="poll-percent-container">
<span class="poll-percent-display{{#if leader}} poll-top-choice{{/if}}">{{percent}}%</span>
</div>
</li>
{{/each}}
</ul>
<input class="input-main" type="button" name="poll-submit" value="{{gettext "Submit"}}" disabled>
<div class="poll-footnote">
{{interpolate (ngettext "Results gathered from {total} respondent." "Results gathered from {total} respondents." total) total=total}}
</div>
{{#if feedback}}
<hr />
<h3 class="poll-header">{{gettext "Feedback" }}</h3>
<div class="poll-feedback">
{{{feedback}}}
</div>
{{/if}}
</div>
</script>
<div class="poll-block themed-xblock" data-private=""
data-can-vote="1">
<div class="poll-block-form-wrapper">
<h3 class="poll-header">Survey</h3>
<form>
<fieldset class="poll-container">
<legend class="poll-question">
<p>How is your bank owned?</p>
</legend>
<div class="poll-answers">
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-8e57c3f3aea44be19903a280605ebd39-answer-R" value="R"
/>
</div>
<label class="poll-answer-text" for="poll-8e57c3f3aea44be19903a280605ebd39-answer-R"><p>Publicly Traded</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-8e57c3f3aea44be19903a280605ebd39-answer-B" value="B"
/>
</div>
<label class="poll-answer-text" for="poll-8e57c3f3aea44be19903a280605ebd39-answer-B"><p>Private</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-8e57c3f3aea44be19903a280605ebd39-answer-G" value="G"
/>
</div>
<label class="poll-answer-text" for="poll-8e57c3f3aea44be19903a280605ebd39-answer-G"><p>State</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-8e57c3f3aea44be19903a280605ebd39-answer-O" value="O"
/>
</div>
<label class="poll-answer-text" for="poll-8e57c3f3aea44be19903a280605ebd39-answer-O"><p>Cooperative</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-8e57c3f3aea44be19903a280605ebd39-answer-1461892983235" value="1461892983235"
/>
</div>
<label class="poll-answer-text" for="poll-8e57c3f3aea44be19903a280605ebd39-answer-1461892983235"><p>Other</p></label>
</div>
<div class="poll-answer">
<div class="poll-input-container">
<input type="radio" name="choice" id="poll-8e57c3f3aea44be19903a280605ebd39-answer-1461892989903" value="1461892989903"
/>
</div>
<label class="poll-answer-text" for="poll-8e57c3f3aea44be19903a280605ebd39-answer-1461892989903"><p>I don't know</p></label>
</div>
</div>
</fieldset>
<input class="input-main" type="button" name="poll-submit" value="Submit" disabled/>
</form>
<div class="poll-voting-thanks
poll-hidden">
<span>Thank you.</span>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-4" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@b5f06a6c28a44164bbf5f27d0813dca3">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@b5f06a6c28a44164bbf5f27d0813dca3" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><strong>More Material on Ownership</strong></p>
<p>In researching the ownership of Just Banks, one of the examples we found most interesting was Bendigo and Adelaide Bank's Community Banking model. In the interview below, we hear from Sam Moore, head of Community Bank Model Development at Bendigo Bank, about how the model works.</p>
<p>Please note: This video is <strong>not required</strong> for participants seeking a certificate.</p>
</div>
</div>
<div class="vert vert-5" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@3229bf24075249fbad113c80f1c05167">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@3229bf24075249fbad113c80f1c05167" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Interview with Sam Moore</h3>
<div
id="video_3229bf24075249fbad113c80f1c05167"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/e0140d8d34b343ec992bbf6a0d7ea46e.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292851&Signature=N07%2FKKDIGWLjTEfXYwLjTeHGHIs%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:emjRWyP1q0I", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@3229bf24075249fbad113c80f1c05167/handler/publish_completion", "duration": 662.35, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@3229bf24075249fbad113c80f1c05167/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@3229bf24075249fbad113c80f1c05167/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@3229bf24075249fbad113c80f1c05167/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V004600_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V004600/MIT114052016-V004600.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="3229bf24075249fbad113c80f1c05167"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_3229bf24075249fbad113c80f1c05167">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_3229bf24075249fbad113c80f1c05167">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@3229bf24075249fbad113c80f1c05167/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@3229bf24075249fbad113c80f1c05167/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-6" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@e377acb423e74774a4e3426e7053a952">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@e377acb423e74774a4e3426e7053a952" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><span style="line-height: 25.6px;">If you are interested in reading more about Bendigo's Community Bank model, please see this article from the Capital Institute: </span><a href="http://fieldguide.capitalinstitute.org/bendigo-community-bank-model-part-two.html" target="[object Object]" style="line-height: 25.6px;">http://fieldguide.capitalinstitute.org/bendigo-community-bank-model-part-two.html</a></p>
</div>
</div>
<div class="vert vert-7" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@1681744c68f940058939f5a51c4a88ce">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@1681744c68f940058939f5a51c4a88ce" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p class="MsoNormal"><strong><span lang="EN-AU" style="color: #000000;">Biography</span></strong></p>
<p class="MsoNormal"><span lang="EN-AU" style="color: rgb(0, 0, 0);">Sam is Head of Community Bank® Model Development at Bendigo and Adelaide Bank Limited. He is responsible for exploring opportunities for the bank’s “shared value” Community Bank® business model internationally.</span></p>
<p class="MsoNormal"><span lang="EN-AU" style="color: rgb(0, 0, 0);">Sam has a wealth of experience in the banking industry both in commercial and management roles and as a qualified lawyer. In 10 years with Bendigo he has held a variety of senior management, Executive and Directorship positions across both debt and equity portfolios, strategy, as well as leadership roles in its retail business including Community Bank®.</span></p>
<p><span style="color: rgb(0, 0, 0);"> <!-- [if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:TrackMoves/>
<w:TrackFormatting/>
<w:PunctuationKerning/>
<w:ValidateAgainstSchemas/>
<w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
<w:IgnoreMixedContent>false</w:IgnoreMixedContent>
<w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
<w:DoNotPromoteQF/>
<w:LidThemeOther>EN-AU</w:LidThemeOther>
<w:LidThemeAsian>JA</w:LidThemeAsian>
<w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:DontGrowAutofit/>
<w:SplitPgBreakAndParaMark/>
<w:EnableOpenTypeKerning/>
<w:DontFlipMirrorIndents/>
<w:OverrideTableStyleHps/>
</w:Compatibility>
<m:mathPr>
<m:mathFont m:val="Cambria Math"/>
<m:brkBin m:val="before"/>
<m:brkBinSub m:val="--"/>
<m:smallFrac m:val="off"/>
<m:dispDef/>
<m:lMargin m:val="0"/>
<m:rMargin m:val="0"/>
<m:defJc m:val="centerGroup"/>
<m:wrapIndent m:val="1440"/>
<m:intLim m:val="subSup"/>
<m:naryLim m:val="undOvr"/>
</m:mathPr></w:WordDocument>
</xml><![endif]--><!-- [if gte mso 9]><xml>
<w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
DefSemiHidden="true" DefQFormat="false" DefPriority="99"
LatentStyleCount="276">
<w:LsdException Locked="false" Priority="0" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 2"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
<w:LsdException Locked="false" Priority="39" Name="toc 1"/>
<w:LsdException Locked="false" Priority="39" Name="toc 2"/>
<w:LsdException Locked="false" Priority="39" Name="toc 3"/>
<w:LsdException Locked="false" Priority="39" Name="toc 4"/>
<w:LsdException Locked="false" Priority="39" Name="toc 5"/>
<w:LsdException Locked="false" Priority="39" Name="toc 6"/>
<w:LsdException Locked="false" Priority="39" Name="toc 7"/>
<w:LsdException Locked="false" Priority="39" Name="toc 8"/>
<w:LsdException Locked="false" Priority="39" Name="toc 9"/>
<w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" Priority="10" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" Priority="11" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" Priority="22" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" Priority="59" SemiHidden="false"
UnhideWhenUsed="false" Name="Table Grid"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
</w:LatentStyles>
</xml><![endif]--> <!-- [if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:Calibri;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-ansi-language:EN-AU;}
</style>
<![endif]--> <!--StartFragment--> <!--EndFragment--></span></p>
<p class="MsoNormal"><span lang="EN-AU" style="mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font:
minor-latin;mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi;
color:#1F497D;mso-themecolor:dark2"><span style="color: rgb(0, 0, 0);">A graduate of Harvard Business School’s Advanced Management Program in 2011, Sam has led the bank’s participation in the global discussion around “Creating Shared Value”, a business strategy founded on the principles that the bank is very familiar with, that successful business needs successful community.</span><o:p></o:p></span></p>
</div>
</div>
<div class="vert vert-8" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@f87601c1baf34cde8e9eff573e727ac7">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@f87601c1baf34cde8e9eff573e727ac7" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><img src="/assets/courseware/v1/9dd8eaf9a17f12f6bca7d28a317f47b5/asset-v1:MITx+11.405x+2T2020+type@asset+block/4.07_Ownership.png" alt="Drawing of Ownership Lecture" type="saveimage" target="[object Object]" preventdefault="function (){r.isDefaultPrevented=n}" stoppropagation="function (){r.isPropagationStopped=n}" stopimmediatepropagation="function (){r.isImmediatePropagationStopped=n}" isdefaultprevented="function t(){return!1}" ispropagationstopped="function t(){return!1}" isimmediatepropagationstopped="function t(){return!1}" /></p>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@vertical+block@396d8c1f887b49fd8480cf29a6a4d7a4" data-init="VerticalStudentView" data-block-type="vertical" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<h2 class="hd hd-2 unit-title">Core Anchor: People</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@c52b8b5dd4604fcdae9f44225a9e9fd0">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@c52b8b5dd4604fcdae9f44225a9e9fd0" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p>People are at the heart of any Just Banking institution. Just Banks cannot sustain their work without the people within the organization understanding and supporting the mission through their work.</p>
<p><span style="color: #000000;">Watch the videos below to learn more.</span></p>
<p><span style="color: #000000; font-family: 'Open Sans', Verdana, Geneva, sans-serif, sans-serif; line-height: 22.4px;">To download the image created in this video, press the "Download Handout" button under the video player.</span></p>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@a9c79407bc564a499895731f5418d9e0">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@a9c79407bc564a499895731f5418d9e0" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">People</h3>
<div
id="video_a9c79407bc564a499895731f5418d9e0"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/3e734371bb424abba0eac2754d485942.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292851&Signature=UjQtVQG%2BWTz8PlbFwa3j6gKXaRM%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:HKEuLh6-oU8", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a9c79407bc564a499895731f5418d9e0/handler/publish_completion", "duration": 209.75, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a9c79407bc564a499895731f5418d9e0/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a9c79407bc564a499895731f5418d9e0/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a9c79407bc564a499895731f5418d9e0/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V007400_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V007400/MIT114052016-V007400.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="a9c79407bc564a499895731f5418d9e0"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_a9c79407bc564a499895731f5418d9e0">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_a9c79407bc564a499895731f5418d9e0">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a9c79407bc564a499895731f5418d9e0/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a9c79407bc564a499895731f5418d9e0/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
<div class="wrapper-handouts">
<h4 class="hd hd-5">Handouts</h4>
<a class="btn-link" href="/asset-v1:MITx+11.405x+2T2020+type@asset+block@4.08_People.png">Download Handout</a>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-2" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@149ed8403689478e87d88289788dae69">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@149ed8403689478e87d88289788dae69" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><strong>More Material on People</strong></p>
<p>To take a deeper look into what it takes to engage co-workers with the mission and ethics of a Just Bank, we interviewed Cecilia Velasco, Head of Human Resources at Banco FIE in Bolivia.</p>
<p>Please Note: This video is <strong>not required</strong> for those seeking a certificate.</p>
</div>
</div>
<div class="vert vert-3" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@a3f59e09e785458490106bf725c85322">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@a3f59e09e785458490106bf725c85322" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Interview with Cecilia Velasco</h3>
<div
id="video_a3f59e09e785458490106bf725c85322"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/3eddb1c978f44b9d90ef173a729689da.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292851&Signature=XmgdY7q7htI%2FHfkryguwR1Us5Go%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:n1nybAx61jM", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a3f59e09e785458490106bf725c85322/handler/publish_completion", "duration": 457.5, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a3f59e09e785458490106bf725c85322/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a3f59e09e785458490106bf725c85322/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a3f59e09e785458490106bf725c85322/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V006900_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V006900/MIT114052016-V006900.m3u8"], "transcriptLanguages": {"en": "English", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="a3f59e09e785458490106bf725c85322"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_a3f59e09e785458490106bf725c85322">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_a3f59e09e785458490106bf725c85322">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a3f59e09e785458490106bf725c85322/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@a3f59e09e785458490106bf725c85322/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-4" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@cd2cae42cac649cda504605137b44edf">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@cd2cae42cac649cda504605137b44edf" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><img src="/assets/courseware/v1/16f0a5afac27a346acac18db6672c5b8/asset-v1:MITx+11.405x+2T2020+type@asset+block/4.08_People.png" alt="Drawing of People Lecture" type="saveimage" target="[object Object]" preventdefault="function (){r.isDefaultPrevented=n}" stoppropagation="function (){r.isPropagationStopped=n}" stopimmediatepropagation="function (){r.isImmediatePropagationStopped=n}" isdefaultprevented="function t(){return!1}" ispropagationstopped="function t(){return!1}" isimmediatepropagationstopped="function t(){return!1}" width="862" height="646" /></p>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@vertical+block@978a583b8e1e499aaa1b0207f95ba030" data-init="VerticalStudentView" data-block-type="vertical" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<h2 class="hd hd-2 unit-title">Secondary Anchor: Governance & Leadership</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@86e3df39a9cf4b28bb0acc1832afed35">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@86e3df39a9cf4b28bb0acc1832afed35" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p>Closely connected to the core anchors is the question of how the organization is led and governed. Two important components are: (1) How the individuals that govern the bank are connected to the mission and; (2) Transparent governance.</p>
<p class="MsoNormal">While governance indicates the formal leadership structure, leadership at all levels of the organization is crucial for building and maintaining a Just Bank. </p>
<p class="MsoNormal"><span style="color: #000000; font-family: 'Open Sans', Verdana, Geneva, sans-serif, sans-serif; line-height: 22.4px;">To download the image created in this video, press the "Download Handout" button under the video player.</span></p>
<div style="mso-element: comment-list;">
<div style="mso-element: comment;">
<div id="_com_1" class="msocomtxt" language="JavaScript"><!-- [if !supportAnnotations]--></div>
<!--[endif]--></div>
</div>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@8fce40236f14402aa3579da4148adbd6">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@8fce40236f14402aa3579da4148adbd6" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Governance & Leadership</h3>
<div
id="video_8fce40236f14402aa3579da4148adbd6"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/d82c48d871734595baddacbea3dfded7.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292852&Signature=jl9bOVbKxHGmnxdJ5N9Nisdh9JA%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:w6kM5NCZIEs", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@8fce40236f14402aa3579da4148adbd6/handler/publish_completion", "duration": 96.71000000000001, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@8fce40236f14402aa3579da4148adbd6/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@8fce40236f14402aa3579da4148adbd6/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@8fce40236f14402aa3579da4148adbd6/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V009000_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V009000/MIT114052016-V009000.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="8fce40236f14402aa3579da4148adbd6"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_8fce40236f14402aa3579da4148adbd6">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_8fce40236f14402aa3579da4148adbd6">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@8fce40236f14402aa3579da4148adbd6/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@8fce40236f14402aa3579da4148adbd6/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
<div class="wrapper-handouts">
<h4 class="hd hd-5">Handouts</h4>
<a class="btn-link" href="/asset-v1:MITx+11.405x+2T2020+type@asset+block@4.09_Leadership.png">Download Handout</a>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-2" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@f8a26e396b034b2daa888a7bec83d235">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@f8a26e396b034b2daa888a7bec83d235" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><img src="/assets/courseware/v1/da3315b03852567a48ad026b5ec22b2e/asset-v1:MITx+11.405x+2T2020+type@asset+block/4.09_Leadership.png" alt="Leadership Motion Graphic" type="saveimage" target="[object Object]" preventdefault="function (){r.isDefaultPrevented=n}" stoppropagation="function (){r.isPropagationStopped=n}" stopimmediatepropagation="function (){r.isImmediatePropagationStopped=n}" isdefaultprevented="function t(){return!1}" ispropagationstopped="function t(){return!1}" isimmediatepropagationstopped="function t(){return!1}" width="714" height="535" /></p>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@vertical+block@766ff1961f50459ba7f42f6aca1cc518" data-init="VerticalStudentView" data-block-type="vertical" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<h2 class="hd hd-2 unit-title">Secondary Anchor: Policies & Processes</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@c971d964e3b348b1924ea776190b8a9a">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@c971d964e3b348b1924ea776190b8a9a" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p>Just Banks only succeed in the long run if they create or adopt processes and policies that incorporate their unique objectives. Compensation policies, performance management, onboarding, training: all of this needs to be designed so that the mission is embedded in all levels of the organization.</p>
<p><span style="font-family: 'Open Sans', Verdana, Arial, Helvetica, sans-serif;"><span style="color: #000000; font-family: 'Open Sans', Verdana, Geneva, sans-serif, sans-serif; line-height: 22.4px;">To download the image created in this video, press the "Download Handout" button under the video player.</span></span></p>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@9b06dc31630d4485a751dcb934a7bd5a">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@9b06dc31630d4485a751dcb934a7bd5a" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Policies & Processes</h3>
<div
id="video_9b06dc31630d4485a751dcb934a7bd5a"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/63bef7b454a74118993f656c1acbedb7.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292852&Signature=0h1%2BjJtyWyBk6X2ZezzkBEo3Gqg%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:0GwoDyBRwW0", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@9b06dc31630d4485a751dcb934a7bd5a/handler/publish_completion", "duration": 168.39, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@9b06dc31630d4485a751dcb934a7bd5a/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@9b06dc31630d4485a751dcb934a7bd5a/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@9b06dc31630d4485a751dcb934a7bd5a/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V009100_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V009100/MIT114052016-V009100.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="9b06dc31630d4485a751dcb934a7bd5a"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_9b06dc31630d4485a751dcb934a7bd5a">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_9b06dc31630d4485a751dcb934a7bd5a">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@9b06dc31630d4485a751dcb934a7bd5a/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@9b06dc31630d4485a751dcb934a7bd5a/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
<div class="wrapper-handouts">
<h4 class="hd hd-5">Handouts</h4>
<a class="btn-link" href="/asset-v1:MITx+11.405x+2T2020+type@asset+block@4.10_Policies.png">Download Handout</a>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-2" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@f30642d8e162401ea50ee653495802ef">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@f30642d8e162401ea50ee653495802ef" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p style="text-rendering: optimizeLegibility; margin-top: 0px; margin-right: 0px; margin-left: 0px; padding: 0px; border: 0px; outline: 0px; font-stretch: inherit; font-size: 16px; font-family: 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif; vertical-align: baseline;"><strong style="text-rendering: optimizeLegibility; margin: 0px; padding: 0px; border: 0px; outline: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.4em; font-family: inherit; vertical-align: baseline;">More Material</strong></p>
<p style="text-rendering: optimizelegibility; margin-right: 0px; margin-left: 0px; padding: 0px; border: 0px; outline: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 16px; font-family: "Open Sans", "Helvetica Neue", Helvetica, Arial, sans-serif; vertical-align: baseline; color: rgb(49, 49, 49);">If you're interested in learning more, please see the interview below with Juan Pablo Meza, CEO of SAC Apoyo Integral in El Salvador.</p>
<p style="text-rendering: optimizelegibility; margin-right: 0px; margin-left: 0px; padding: 0px; border: 0px; outline: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 16px; font-family: "Open Sans", "Helvetica Neue", Helvetica, Arial, sans-serif; vertical-align: baseline; color: rgb(49, 49, 49);">Please note: The video below is <strong style="text-rendering: optimizelegibility; margin: 0px; padding: 0px; border: 0px; outline: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.4em; font-family: inherit; vertical-align: baseline;">not required</strong> for those seeking a certificate.</p>
</div>
</div>
<div class="vert vert-3" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@1d7cccdca3f446dfb166ba1cf571f8d6">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@1d7cccdca3f446dfb166ba1cf571f8d6" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Interview with Juan Pablo Meza</h3>
<div
id="video_1d7cccdca3f446dfb166ba1cf571f8d6"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/890501dbd59747eb887ed14b925fead1.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292852&Signature=evUJUs8ccoALMU7MJfOuxCeEc8c%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:dy7AEOLED3I", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@1d7cccdca3f446dfb166ba1cf571f8d6/handler/publish_completion", "duration": 452.39, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@1d7cccdca3f446dfb166ba1cf571f8d6/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@1d7cccdca3f446dfb166ba1cf571f8d6/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@1d7cccdca3f446dfb166ba1cf571f8d6/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V004500_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V004500/MIT114052016-V004500.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="1d7cccdca3f446dfb166ba1cf571f8d6"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_1d7cccdca3f446dfb166ba1cf571f8d6">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_1d7cccdca3f446dfb166ba1cf571f8d6">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@1d7cccdca3f446dfb166ba1cf571f8d6/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@1d7cccdca3f446dfb166ba1cf571f8d6/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-4" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@72863a967ba747bfaa7368b33ed1ff7c">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@72863a967ba747bfaa7368b33ed1ff7c" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><strong>Biography</strong></p>
<p>Juan Pablo Meza is the CEO (Gerente General) of SAC Apoyo Integral, S.A., El Salvador since June 2011. He holds a BA in Economics from the University of Virginia, an International Diplome d’administration Publique from the Ecole Nationale d’Administration, Paris, France and an MBA from INCAE, Costa Rica. Prior to joining INTEGRAL and the world of Microfinance, he pioneered the concept of Private label credit card issuing in El Salvador while working for a local retail entity. He then worked in the field of Consumer Finance for the Bank of Nova Scotia. At Integral he has led the implementation of important restructuring and redirectioning of overall Strategy. INTEGRAL also has Microfinance operations in Guatemala.</p>
</div>
</div>
<div class="vert vert-5" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@3a92d0d6ad5d48aca699d2a3909dcc83">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@3a92d0d6ad5d48aca699d2a3909dcc83" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><img src="/assets/courseware/v1/4ca7d42bc83b5c8ba7bca0ae25374c8c/asset-v1:MITx+11.405x+2T2020+type@asset+block/4.10_Policies.png" alt="Policies and Processes Motion Graphic" type="saveimage" target="[object Object]" preventdefault="function (){r.isDefaultPrevented=n}" stoppropagation="function (){r.isPropagationStopped=n}" stopimmediatepropagation="function (){r.isImmediatePropagationStopped=n}" isdefaultprevented="function t(){return!1}" ispropagationstopped="function t(){return!1}" isimmediatepropagationstopped="function t(){return!1}" width="719" height="539" /></p>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@vertical+block@1f92763aaaa3455dbd7978949008431f" data-init="VerticalStudentView" data-block-type="vertical" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<h2 class="hd hd-2 unit-title">Secondary Anchor: Accountability</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@98623f94f8b142a2bcb3f1cdb7f2e3b2">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@98623f94f8b142a2bcb3f1cdb7f2e3b2" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p style="font-size: 16px;"><span style="font-family: 'Open Sans', Verdana, Arial, Helvetica, sans-serif; color: #000000;">Up until this point, we have looked at anchors that are mostly inward facing to the organization.<span> However, o</span>utward accountability to the clients and stakeholders of the bank is a crucial anchor of the mission in a bank.<span> </span></span></p>
<p class="MsoNormal" style="font-size: 16px;"><span style="font-family: 'Open Sans', Verdana, Arial, Helvetica, sans-serif; color: #000000;"><span style="line-height: 22.4px;">To download the image created in this video, press the "Download Handout" button under the video player.</span></span></p>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@96720c69e7e443cc80dc43b017391aae">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@96720c69e7e443cc80dc43b017391aae" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Accountability</h3>
<div
id="video_96720c69e7e443cc80dc43b017391aae"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/3bce4eb2b0cc4c36afe523627af07932.jpeg?AWSAccessKeyId=ASIA4QDFFSUR5CHTXMNA&Expires=1742292852&Signature=0eL%2FavWUEEPlLOpCX9n8eUEJVH4%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEAIaCXVzLWVhc3QtMSJGMEQCIGMVBLrhWFl5CJ%2FGN9tGS4BjnLcsHOpLSsL%2BJj2ilEHYAiBysWZzXbychgt4AKZDN1%2Fnhdzn%2FVP2McI63zTKQo%2FqEiq7BQhbEAMaDDg1OTIwNTYzNzQxMSIMfNruLPCKuVc3nPXcKpgFYdpFbYWWHpVcsvqDxGjHyFLkUtItnw8%2BHg%2FN8rWJi7E1Q6syLj98ONHfdQSMXzk5MRYQYcPumf4g6jjB%2BZEJb%2FGbeNF4MVlyLeZD%2BZxbDq5i%2BrU1tKwvcuuDjOIvDrEq8sWUPUKYhHj%2BYmqtCZBXa0P%2FLLLfSVIXxFae3%2FbgM4WHvNojKuZmsu1xw%2FuDg72qOWvuGwK%2BZ4KN593r8%2BHNJO1kDoxseYY0MwRXvaVQMynP5NaefNsdJKdM6HD26kXMG3tQ0CNsPPGYF8Zq5fbHTx%2B4%2F2szjpj9m6eie69C0wP%2BwnxBDELZq1Z9h2YLVTS3uSI2mWxnN%2Fyrb43wIUrXaZiiidh5pXFyTq8%2FENiA1RS6PuUdJIFEkmg6%2BcSU6FsrjSSDW%2F4QiTbcd2rAY%2BzWF%2FVieY4%2F9%2FJyptJnLuulSO%2BJHx2%2BKmvNrIBv6NDaP5w0kk0tPhenMkSItykXhyr6xzK1IlbxEuvWZTnTNjkOilUVb4jlW8DX%2F0KO7OQBGN5AEV4%2BvPkCC45olhv2NAG12j7pyzOsLIDOzTzoqYueK%2FFCiAE6w51YCa6XO70sRFZb%2FWG%2Bq6vJodo0zrLwUDqCwZfLi6vB18geYAzR0Mge%2F2SaEpolGoNEoMY6w6DCGao%2BMAsRu%2BzHIozr54hD6R4%2FlHMwBYVvkHy7JKCaD%2FOlQ7rHlr%2FYXRVdr7KUYRRLcso94HAwS95vil5wREYLdQqusKhsKxJTz02w6CyteRBZ1ChSmDNwlyH376uql9GS0I8xOoueXf5CwieSewCxIBVHkPligIbuVK1Acm8%2F0%2BqSbMszepntu0igrd02cTA459BO3T8KF3Y0yXvyJzwjSFqZJChR%2B7ulClDz6VJzJC83tV7YZ7tJLzMGeDDi9uS%2BBjqyAcA0cK9EYIFKsKufMaM4GtmYghaYI17DVwfu36olh4XCAZNgqI1EIPJh3Btq8P19N2bsW%2F7KNKWsXmJXjreF0FPOBxvV5JTz9qTABcosbVKnqsQ0hPr1SXrwMR%2FE7HtRwjPtK3KC56aSlueZ4%2BzTzc1ObukBBAo7auechy69n%2B%2BAD2DFnEcMbXxFWJ0iBgkF1uv1l8PDAXFcSuGA%2BGv5gTyaFY5JIpCVylg4qJpyZI2%2FX3o%3D", "streams": "1.00:idGt26XjW5I", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@96720c69e7e443cc80dc43b017391aae/handler/publish_completion", "duration": 99.71000000000001, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@96720c69e7e443cc80dc43b017391aae/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@96720c69e7e443cc80dc43b017391aae/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@96720c69e7e443cc80dc43b017391aae/handler/transcript/available_translations", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V009200_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V009200/MIT114052016-V009200.m3u8"], "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="96720c69e7e443cc80dc43b017391aae"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_96720c69e7e443cc80dc43b017391aae">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_96720c69e7e443cc80dc43b017391aae">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@96720c69e7e443cc80dc43b017391aae/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@96720c69e7e443cc80dc43b017391aae/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
<div class="wrapper-handouts">
<h4 class="hd hd-5">Handouts</h4>
<a class="btn-link" href="/asset-v1:MITx+11.405x+2T2020+type@asset+block@4.11_Accountability.png">Download Handout</a>
</div>
</div>
</div>
</div>
</div>
<div class="vert vert-2" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@237c463139f948e5b95b4434c9938b6d">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@237c463139f948e5b95b4434c9938b6d" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p style="text-rendering: optimizelegibility; margin-top: 0px; margin-right: 0px; margin-left: 0px; padding: 0px; border: 0px; outline: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 16px; font-family: 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif; vertical-align: baseline; color: #313131;"><strong style="text-rendering: optimizelegibility; margin: 0px; padding: 0px; border: 0px; outline: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.4em; font-family: inherit; vertical-align: baseline;">Extra Material</strong></p>
<p style="text-rendering: optimizelegibility; margin-right: 0px; margin-left: 0px; padding: 0px; border: 0px; outline: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 16px; font-family: 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif; vertical-align: baseline; color: #313131;">The case below from Banca Etica is <strong style="text-rendering: optimizelegibility; margin: 0px; padding: 0px; border: 0px; outline: 0px; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.4em; font-family: inherit; vertical-align: baseline;">optional</strong>, but it's a powerful example of deep stakeholder involvement in a bank.</p>
</div>
</div>
<div class="vert vert-3" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@18c9e7a7f936404aa1728e9d51da5ede">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@18c9e7a7f936404aa1728e9d51da5ede" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p class="MsoNormal" style="font-size: 16px;"><strong><span lang="EN-GB">Background</span></strong></p>
<p class="MsoNormal" style="font-size: 16px;"><span lang="EN-GB">Though just over 15 years old, Banca Etica holds roughly $3 billion in total assets under management and has quickly become an international bank, with branches in most of Italy’s 20 regions as well as in the Basque region of Spain. Banca Etica is a cooperative that strives to be Italy’s bank for the “third sector”; it serves non-profit organizations, cooperatives, social enterprises, and individuals.</span></p>
<p class="MsoNormal" style="font-size: 16px;"><span lang="EN-GB">Cooperatives, just like other businesses in Italy, have been caught in a host of corruption scandals over the years. </span>Given the presence of corruption in the Italian cooperative economy, Banca Etica knows that being member-owned isn’t enough to ensure that it is truly an ethical bank. Accordingly, the bank deploys a host of unconventional processes and policies to ensure that it remains transparent, honest, and true to serving the needs of its members and society. These policies include capping the salary of its highest-paid employee at six times that of its lowest employee; refusing to make consumer loans for luxury cars or second homes; refusing to invest in the debt of governments, like the USA, where the death penalty is legal; and powering its headquarters entirely by on-site solar panels.</p>
<p class="MsoNormal" style="font-size: 16px;"><span lang="EN-GB">These types of practices have been present from the beginning, in part reflecting the bank’s unique creation story. Before “crowdfunding” even existed as a term, Banca Etica was effectively crowdfunded into existence by almost 10,000 individuals and third-sector organizations. Each invested as little as $50 in the initial round of capital raised to open the bank.</span></p>
</div>
</div>
<div class="vert vert-4" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@88665808629b4f6799e869f53f514d98">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@88665808629b4f6799e869f53f514d98" data-init="XBlockToXModuleShim" data-block-type="video" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Interview with Cesare Vitali</h3>
<div
id="video_88665808629b4f6799e869f53f514d98"
class="video closed"
data-metadata='{"autoAdvance": false, "prioritizeHls": false, "recordedYoutubeIsAvailable": true, "ytTestTimeout": 1500, "poster": null, "streams": "1.00:VwxZEVzg2Ls", "saveStateEnabled": false, "end": 0.0, "speed": null, "completionPercentage": 0.95, "start": 0.0, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@88665808629b4f6799e869f53f514d98/handler/publish_completion", "duration": 0.0, "autoplay": false, "savedVideoPosition": 0.0, "generalSpeed": 1.0, "autohideHtml5": false, "ytMetadataEndpoint": "", "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@88665808629b4f6799e869f53f514d98/handler/transcript/translation/__lang__", "showCaptions": "true", "completionEnabled": false, "captionDataDir": null, "ytApiUrl": "https://www.youtube.com/iframe_api", "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@88665808629b4f6799e869f53f514d98/handler/xmodule_handler/save_user_state", "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@88665808629b4f6799e869f53f514d98/handler/transcript/available_translations", "sources": [], "transcriptLanguages": {"en": "English", "fr": "Fran\u00e7ais", "de": "German", "pt": "Portuguese", "es": "Spanish"}, "transcriptLanguage": "en", "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="88665808629b4f6799e869f53f514d98"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
</div>
</div>
</div>
<div class="vert vert-5" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@eed22fdd826340ed9ad573507d6dac54">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@eed22fdd826340ed9ad573507d6dac54" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p class="MsoNormal" style="font-size: 16px; line-height: 25.6px; margin-top: 20px;"><strong><span lang="EN-GB">The Social & Environmental Evaluations</span></strong></p>
<p class="MsoNormal" style="font-size: 16px; line-height: 25.6px; margin-top: 20px;"><span lang="EN-GB">Among Banca Etica’s host of unique practices, potentially the most powerful is the bank’s participatory, bottom-up, credit evaluation process. When an organization requests a new loan, the bank deploys one of its over 220 trained volunteer members to conduct a detailed social and environmental evaluation of both the borrower and the specific project. This is a time-consuming two to four week process and is conducted in tandem with the loan officer’s financial evaluation of the borrower and loan application.<br /><br /></span>As part of their evaluation, the volunteers conduct in-person interviews with the borrower. These include detailed data disclosures and analysis on pay-equality, ownership structure, clients, energy sources, gender discrimination, and any potential links to the mafia or the weapons/defense industry. The volunteers submit a written report to their locally elected council of bank members (called the GIT) for review. A negative report usually results in the bank’s refusal to make the loan. As such, members are deeply involved in the lending activities of their cooperative, making direct decisions about what their bank does with their money.<br /><br />The Social and Environmental Evaluations would not be possible without deep member engagement, nor are they the only example of it at Banca Etica. Any member<span style="font-size: 1em; line-height: 1.6em;"> of Banca Etica may become what is called an “active member.”</span><span style="font-size: 1em; line-height: 1.6em;"> </span><span style="font-size: 1em; line-height: 1.6em;">Active members participate in one of 90 member groups spread across Italy and Spain. These m</span><span style="font-size: 1em; line-height: 1.6em;">ember groups come together to organize cultural and educational activities in their communities with respect to finance. Members have also taken the lead on opening new Banca Etica branches in communities where they see a need for financial services. </span>With this network of engaged members, Banca Etica is able to both broaden its reach and live its mission.</p>
</div>
</div>
<div class="vert vert-6" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@cf942c4ddcc74621865ab3765acb99fd">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@cf942c4ddcc74621865ab3765acb99fd" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><em style="text-rendering: optimizeLegibility; margin: 0px; padding: 0px; border: 0px; outline: 0px; font-variant-numeric: inherit; font-stretch: inherit; line-height: 25.6px; font-family: 'Open Sans', 'Helvetica Neue', Helvetica, Arial, sans-serif; vertical-align: baseline;">This text has been modified from its original publication in <a href="http://colabradio.mit.edu/ethical-banking-italian-style/" target="[object Object]" style="text-rendering: optimizeLegibility; background: transparent; margin: 0px; padding: 0px; border: 0px; outline: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.4em; font-family: inherit; vertical-align: baseline; transition: color 0.25s ease-in-out 0s; text-decoration-line: none; color: #009fe6;">CoLab Radio</a> "Ethical Banking: Italian Style" by Jason Spicer and Lily Steponaitis.</em></p>
</div>
</div>
<div class="vert vert-7" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@8c1f6ac263a043ae82823b51aeeb1b2b">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@8c1f6ac263a043ae82823b51aeeb1b2b" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p style="font-size: 16px;">Participants from one of the Just Money Hubs in Italy took time to interview Cesare about the Social and Environmental Evaluations <strong>in Italian</strong>. If you speak Italian and wish to see the videos they produced, here are the links: </p>
<p style="font-size: 16px;">Prima parte dell'intervista a Cesare Vitali, nella quale ci racconta:</p>
<ul>
<li><span style="font-size: 1em; line-height: 1.6em;">cos'è Banca Etica e come opera</span></li>
<li><span style="font-size: 1em; line-height: 1.6em;">cos'è il modello di valutazione sociale</span></li>
</ul>
<p style="font-size: 16px;"><a href="https://www.youtube.com/watch?v=7702rQYMWjA&feature=youtu.be" target="[object Object]">https://www.youtube.com/watch?v=7702rQYMWjA&feature=youtu.be</a></p>
<p style="font-size: 16px; line-height: 25.6px;">Seconda parte dell'intervista a Cesare Vitali, nella quale ci racconta:</p>
<ul>
<li><span style="line-height: 25.6px;">il ruolo dei soci volontari nelle attività della banca</span></li>
<li><span style="line-height: 25.6px;">la gestione del rischio e i tassi di sofferenza per Banca Etica </span></li>
</ul>
<p style="font-size: 16px;"><a href="https://www.youtube.com/watch?v=QrfcPZG6q0I&feature=youtu.be" target="[object Object]">https://www.youtube.com/watch?v=QrfcPZG6q0I&feature=youtu.be</a></p>
<p></p>
</div>
</div>
<div class="vert vert-8" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@8826da57da704e95a36ef742cc053334">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-request-token="08c8fd3c03e111f0a0bf0affe2bbc7c1" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@8826da57da704e95a36ef742cc053334" data-init="XBlockToXModuleShim" data-block-type="html" data-runtime-class="LmsRuntime" data-course-id="course-v1:MITx+11.405x+2T2020" data-has-score="False" data-graded="False" data-runtime-version="1">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><img src="/assets/courseware/v1/807bd150ab76b5085e8a936d4d7479c2/asset-v1:MITx+11.405x+2T2020+type@asset+block/4.11_Accountability.png" alt="Accountability Motion Graphic" type="saveimage" target="[object Object]" preventdefault="function (){r.isDefaultPrevented=n}" stoppropagation="function (){r.isPropagationStopped=n}" stopimmediatepropagation="function (){r.isImmediatePropagationStopped=n}" isdefaultprevented="function t(){return!1}" ispropagationstopped="function t(){return!1}" isimmediatepropagationstopped="function t(){return!1}" width="686" height="514" /></p>
</div>
</div>
</div>
</div>