Caroline Foulger, chairwoman of Bermuda Business Development Agency, encouraged the third sector to follow the example of the international business community by undergoing tough measures that could lead to a brighter long-term future. Ms Foulger told the audience: In the same way that we have seen consolidations going on in the insurance industry, there is never a perfect overlap, but there is a degree. I would encourage those in the third sector to think about areas where it makes sense to consolidate or merge. She encouraged members to focus on their core mission in the current climate. You start off doing one sort of thing for your clients and then you morph into doing other things.
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