Bermuda may need to rethink its "protectionist policies" on company ownership if it is to survive the recession and return to economic stability, a meeting heard today.Peter Durhager, co-chairman of Bermuda First, asked Hamilton Rotary Club if the 60/40 rule should still apply at a time when Bermuda's star was "not quite as shiny" as it once was.Rethinking the rule was one of a raft of measures he suggested to help the Island get out of its negative spiral."To facilitate a liquid and efficient capital market, where capital can be brought to bear in support of new investments in infrastructure and new businesses, should the historical and protectionist policies on company ownership, such as the so-called 60/40 rule still apply in the same way?" he asked.The Renaissance Re executive vice president recommended a "cultural transformation" to ensure international business and expatriate workers feel welcome here.He said: "We have allowed a sentiment to exist that international companies and expatriates are not welcome in Bermuda."Our attitudes in this area must change; our invited guests and their businesses, their families, their spending, is the lifeblood of our financial wellbeing."We should embrace people willing to move their lives here and bring their businesses and foreign currency here. We should embrace them fully and encourage them to actively participate in making Bermuda a better place which benefits Bermuda and Bermudians."Bermuda First is a think tank set up by Government in 2008 to assess the economics threats faced by the Island.Today's meeting took place at the Royal Hamilton Amateur Dinghy Club.