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"It is a challenge for society, not just business," he said. "But business has co-responsibility for some of the issues in society and for helping find solutions. The time is over to say: 'This is for the Government' or 'This is for international institutions'. Nobody is served by that. Look at how many businesses were affected [by the UK riots].

"If social cohesion and the glue of society become less, I think it would be an environment that would be very difficult for business to be successful. So we have to find solutions."