Online symposium using interactive Zoom.
Thursday, November 18th from 6:00pm until 8:00pm, SAST
If you are ready to book your place, use the button below;
Otherwise read on for further details…
For any queries please contact us.
Sponsorship opportunities available – please get in touch
Executive summary; scroll down for the programme
This symposium is all about galvanising support for the positive, progressive and purposeful finance reform that is so desperately needed.
If you believe there is scope for the financial services sector in South Africa to serve society better, then this is an event for you.
If you know about problems around market conduct that need fixing then, please do all you can to participate – we want to hear from you.
Furthermore, if you have ideas about what can be done to make a positive difference, then it’s vital you get involved. We know there are many great ideas that can help drive the transformational change that is desperately needed; and we want to shine a big bright light on those ideas.
There are many important questions that need to be discussed and our events are all about creating a forum where people can “tell it as it is” and be heard, not ignored.
Questions such as:
- Do the financial regulators in South Africa have sufficient powers to properly govern the sector?
- If they do have sufficient powers, are those powers being used effectively?
- If not, is regulatory capture a factor?
- Are vested interests getting in the way of consumers getting good outcomes?
- Are positive innovations being ignored, because they challenge vested interests and the status quo?
- Are the public finding it easy to get the information they need to make well-informed decisions?
- Are class actions having to fill the void created by ineffective regulatory enforcement?
- Are the fiduciary standard and best interest rules working as intended?
- Is the financial services sector in South Africa serving society as it should?
- Has the Friedmanite idea of “maximising profit in the short term” spoiled the culture in financial services?
- What are the underlying forces driving poor market conduct?
- Is the regulatory framework in South Africa working as it should? – if not, what can be done?
- Should there be a “Financial Consumers Bill of Rights?”
These are the types of questions and issues that impact the public’s perceptions of the financial services sector, which has been riddled with various types of malpractice, malfeasance, misconduct and mis-selling for many years; not just in South Africa but in most parts of the world.
Clearly, the reputational integrity of the sector has been badly damaged. That’s why the Transparency Task Force is initiating and facilitating a global conversation about what’s wrong in financial services; and what needs to be done to fix it.
Furthermore, through those discussions we are creating a framework for finance reform that is designed to drive the positive, progressive and purposeful change that is needed.
Scroll down for further info, speaker details and to make bookings
Who should participate?
This online event will be of particular interest to individuals and organisations that authentically align with the idea that the financial services sector is important and that there is scope for improvement in how it works.
You can expect to be amongst progressively minded and collaboratively minded people.
On the basis that “progress begins with realism” we’ll be running the event as a forum to enable everybody to “say it as they see it.” We will be facilitating the kind of candid yet constructive discussion that is needed to help move matters forward.
We don’t think any one person or organisation has all the answers; and we also think that all answers are worth listening to, so if you’ve got a point of view that you’d like to share, and are keen to hear the views of others, this is definitely an event for you.
This symposium will cover important topics that will be of particular interest to:
- Think Tanks and Civil Society Groups with an interest in the financial ecosystem
- Industry Observers, Commentators; the Media in General
- Politicians interested in the financial services sector
- Financial Conduct Professionals
- Sustainaility experts
- Bankers and representatives of Banking organisations
- Risk Management Professionals
- Compliance Professionals
- Pension Professionals
- Financial Planners
- Financial Services Trade Bodies and Professional Associations
- Academics and researchers in governance, stewardship, ethics, conduct and compliance in the banking, investment and pensions space; and more
We will be using Zoom.
We will be structuring the event in such a way that it will be as engaging and as interactive as we can possibly make it. We’ll be working hard to create as “life-like” an event as possible, with every opportunity taken to create interaction and engagement.
There will be several presentations with Q&A sessions and an open discussion and debate session towards the end.
Here’s the programme and timings, so far*
Welcome to the symposium, introductions and initial exploration of the main issues; plus “Why we must rebuild trustworthiness and confidence in financial services; and how we can do it” by
Andy Agathangelou FRSA
Founder, Transparency Task Force; Governor, Pensions Policy Institute; Chair of the Secretariat Committee to the All Party Parliamentary Group on Pension Scams; former Founding Chair, Friends of Automatic Enrolment; former Founding Chair, Association of Member Nominated Trustees
Presentation #1, for 10 minutes + 5 minutes Q&A with facilitated discussion, by
Head of Africa & Middle East, PRI
In her role of Head of Africa & Middle East for the PRI, Nicole’s focus is on identifying and addressing the needs of African investors with respect to integrating ESG into investment processes in an effort to foster the maximisation of long-term sustainable financial returns across the continent.
Prior to joining the PRI Nicole’s career as a development economist has focused on supporting local and international organisations across the public and private sector in the design and implementation of strategies aimed at achieving large-scale developmental impact in Africa.
Click the button below to download Nicole’s slides
Presentation #2, for 10 minutes + 5 minutes Q&A with facilitated discussion, by
Founder, SAIFAA – South African Independent Advisors Association
Derek started working as a Junior Messenger on the South African Railways and Harbours in 1963 at the age of 19.
In April 1966 he commenced his journey in the Financial Services Industry with the Yorkshire Insurance Company, Standard General Insurance Company, Willis, Faber, Dumas and Roland (Standard Bank Assurance Brokers) and Southern Life before in 1987 he started a Brokerage; the Financial Group.
He was the key initiator and developer of a world first umbrella fund administration company Total Care Strategy that led to the first-of-its kind registration of Umbrella Fund Rules in 1989 by the then Office of the Register of Financial Institutions (FSB). In 1999, Total Care Strategy was sold, in partnership, to Sanlam Employee Benefits to become Sanlam Umbrella Fund Administrators (SUFA).
He was, until March 2020, Chairman of the Board of Trustees for the Sanlam Umbrella Funds. During 2010 Derek established with Sanlam the Professional Business Risk Analysis Council (PBRAC) with336 brokers. In 2011 he ran an informal South African Independent Financial Advisor Association (SAIFAA – formally PRAPA).
During the period 2011, 2012, 2013, 2014, 2015 he facilitated multiple SAIFAA (PRAPA) Workshops and Conferences attended by over 800 Delegates sponsored multiple Product & Service Providers. During 2016 he started with the formalisation of SAIFAA “The Voice of The IFA” that became a reality during August 2017 with in excess of 100 Founder Members.
Thus far in 2020 he has launched three world first’s namely the ‘Certified Post Retirement Practitioner CPRP® Webinar and Designation Program, the 21 ‘ultimate’ client-agenda ‘Due Diligence’ questions when appointing Financial Advisors and the Independent Employee Benefit Consultant (IEBC) Webinars.
Short leg-stretch and comfort break, for 10 minutes
Presentation #3, for 10 minutes + 5 minutes Q&A with facilitated discussion, by
Senior Partner, Kleiman International Consultants Inc.
Gary N. Kleiman is a pioneer and recognized expert in the field of global emerging economies and financial markets. He founded the first consulting firm dedicated to providing independent analysis and advice to public and private sector clients in 1987, and research coverage and firsthand experience reached seventy-five countries in all developing regions. For three decades the company provided written reports and verbal briefings to banks, fund managers, institutional investors, and corporations to guide portfolio allocation and risk management. The firm also offered technical assistance and training to government and international lending agencies on financial sector and capital markets strategy and development. Mr. Kleiman was simultaneously responsible for content delivery, business outreach, and thought leadership, and his multifaceted entrepreneurial and substantive skills can apply to complex board assignments.
He was chosen as the overall financial sector strategist for the IMF-World Bank’s original First Initiative strengthening program, and was involved in private sector industry group formation such as the Emerging Markets Traders Association. In Washington he advised government bodies on global economic and financial vulnerability issues for twenty years, and has been an expert witness in international sovereign debt cases. He has spoken at dozens of professional conferences and events worldwide, and is often cited and featured in the media. He has been a regular writer and commentator throughout his career, launched a website blog in 2008, and contributes to international outlets including Asia Times, BNE Intellinews and Financial Times.
Mr. Kleiman was an adjunct professor and developed an emerging market finance course for the Georgetown University School of Foreign Service, where he graduated magna cum laude, and has been a longtime student mentor. He also completed advanced studies at the Institut d’Etudes Politiques (Paris) and the London School of Economics, and worked in Asia and the Middle East prior to starting his firm in New York before relocation to Washington. He is a senior member of non-profit advocacy groups like the Bretton Woods Committee, where he led specific poor country and refugee support efforts, and served on project task forces for the Council on Foreign Relations and World Economic Forum. Mr. Kleiman is conversant in several languages, and has been an active political campaign volunteer and policy adviser, and competitive runner with age group placement. He is listed in “Who’s Who in America” and has been married to Elizabeth Morrissey, who co-founded Kleiman International Consultants, for twenty-five years and has a teenage son Dylan.
Presentation #4, for 10 minutes + 5 minutes Q&A with facilitated discussion, by
CEO & Founder, Genius Boards
Sharon Constançon is a Chartered Director, Chartered Secretary and a Fellow of the Chartered Governance Institute (ICSA), a Fellow of the IoD, a member of CISI International Committee, Chairman of the South African Chamber of Commerce UK and a Liveryman and Court member of the WCCSA and Chairman of their Membership Committee.
Sharon is CEO of Genius Boards and Genius Methods – a Group that offers tailored robust, behaviour focused board evaluations, mentoring, corporate governance services and governance training to many industries. Her clients include FTSE and regulated businesses, SMEs, family businesses, investment trusts, insurance, financial services, health services, charities and the housing sector.
Sharon has a well attested reputation for providing confidential, straightforward, honest and effective Board Evaluations which have successfully empowered Boards to improve performance.
Sharon has a passion for the empowerment of Company Secretaries and Governance Professionals. To this end, she writes articles and regularly addresses industry audiences, runs workshops and chairs roundtable debates and panels. She successfully uses case-studies in her training courses to help others understand the dynamics of the Board and the role of a Non-Exec Director.
Her passion is to see the Board truly add value to the organisation and its management, providing leadership and support, challenge and risk mitigation.
Through the various projects run by Genius, Sharon has developed a deep and rich network of governance professionals.
The “Just a Minute” Round
Inspired by the BBC Radio 4 programme, we have asked a selection of our attendees to spend just a minute sharing their thoughts on what has been covered during the symposium.
But unlike the Radio 4 programme our speakers won’t be penalised for hesitation, repetition or deviation!
Open discussion & debate, 15 minutes
7:55pm SAST until 8:00pm SAST
Final conclusions; suggested next steps and close to the formal proceedings.
However, for those that want it…
8:00pm SAST until 8:30pm SAST
Please click below to book your place
For any queries please contact us.