This event has now taken place.

If you wish to download the slides scroll to the bottom of the page. 

Many thanks to

For hosting

"The Case for Radical Corporate Governance Reform"

When and where is the symposium?

 

We’re in trying times; so, it’s time for agility and adaptability, resilience and innovation.

 

Asa consequence, this symposium is our first ever online-only event!

 

We will be using Zoom, a highly effective online platform which means we can run this symposium as an ultra-convenient and wonderfully efficient thought-leadership event for you. 

 

You'll just need access to a computer with Broadband connection. 

 

Our first ever online-only symposium will start at 13:00 and end at 17:00; there will be a mid-afternoon comfort break.

 

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. 

 

If you already know you want to attend

 

Click on the button below to secure your place and note that there are 4 ticket options: Standard, For TTF Fellows, Discounted and Press Pass. The notes you get to will explain the ticket options.

 

Queries to andy.agathangelou@transparencytaskforce.org

 

Thank you!

What can you expect at the symposium?

 

The overall purpose of this symposium is to shine a bright light onto the very real need for radical corporate governance reform; on the basis that too many organisations are still focusing on creating short-term profits for shareholders, at the expense of the needs of other stakeholders, including the planet. 

 

We have an exceptionally strong line-up of speakers: 

 

 - Colin Mayer CBE FBA, Fellow, European Corporate Governance Institute; Peter Moores Professor of Management Studies at the Saïd Business School, University of Oxford; UK Fellow, Management and Business Studies, Economics and Economic History, The British Academy; Fellow, The Royal Society of Arts, Manufactures and Science; Director, The Finance Research Programme, International Growth Centre.

 

- Charles Goodhart CBE FBA, Emeritus Professor, London School of Economics; former Member, The Bank of England’s Monetary Policy Committee;

 

 - Dr. Shann Turnbull, Principal, International Institute for Self-Governance; Principal, Management and Investment Services; former Founder and President, Australian Employee Ownership Association.

 

- Baron Glasman, Labour Life Peer in The House of Lords, Senior Lecturer in Political Theory, London Metropolitan University, Director, Faith and Citizenship Programme, London Metropolitan University; founder of Blue Labour.

 

 - Leon Kamhi, Executive Director & Head of Responsibility, Federated Hermes; former Director, Hermes Equity Ownership Services; former Director, Engagement, Hermes Focus Asset Management; former Executive Vice President, Marconi Systems.

 

 - Debbie Henderson, Founder, Centre for Inspired Leadership; CTT Certified Consultant, Barrett Values Centre; former Institutional Equity Sales, CIBC Oppenheimer; Vice President, Morgan Stanley. 

 

 - Henry Leveson-Gower, Founder, Promoting Economic Pluralism; Director, New Economic Knowledge Services; former Research Fellow, Centre for the Evaluation of Complexity Across the Nexus.

 

 - Marc Downes, CEO, Investor Meet Company, former Co-Founder, Charles Stanley Securities, former Head of Institutional Equity Trading, Charles Stanley Securities.

 

 - Graham Boyd, Founder, EvoluteSix, former Managing Director, Learning Transfer Solutions Global.

 

Our symposium is going to create a first-class opportunity for a wide range of stakeholders interested in the advancement of corporate governance to explore what needs to be done to drive the change that is needed.

 

You can expect to be 'amongst' progressively minded and collaboratively minded people who are keen to explore how corporate governance can be reformed for the better.

 

Whilst we will be considering corporate governance in general terms, there will also be a particular focus on corporate governance in the financial services sector, in line with TTF’s mission to help drive positive progressive and purposeful finance reform. 

 

Poor corporate governance in the financial services sector has led to many cases of malpractice, malfeasance, misconduct and miss-selling; with grave reputational damage as a consequence. 

 

We already know that the financial services sector as a whole has a significant reputation problem - the key takeaway from the Edelman Trust Barometer is:

 

“…at 57 percent trust among the general population, financial services remain the least-trusted sector measured by the Trust Barometer.”

 

…and that’s obviously a major issue for a sector that has to be trusted to function succesfully.

 

Clearly, the many corporate governance failures that have occurred in the financial services market over the years have contributed to the financial services trust deficit; and the evidence indicates that this isn’t a problem that is going to fix itself. 

 

On the basis that “progress begins with realism” we will be facilitating the kind of candid yet constructive discussions that are needed to help move matters forward.

 

We are expecting this to be a particularly lively symposium because we will be creating a forum for people to “say it as they see it” and there is no doubt that many people are disappointed with the way corporate governance operates.

 

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, this is definitely an event for you.

Here's the programme, so far*

 

13:00

Welcome to the symposium and setting the scene by

 - Graham Boyd, Founder, EvoluteSix, former Managing Director, Learning Transfer Solutions Global.

https://www.linkedin.com/in/grahamboydphd

 

Plus

 

 - Andy Agathangelou, Founder, Transparency Task Force; Governor, Pensions Policy Institute; former Founding Chair, Friends of Automatic Enrolment; former Founding Chair, Association of Member Nominated Trustees.

https://www.linkedin.com/in/andy-agathangelou-02953113

 

13:15

Presentation #1

 - Leon Kamhi, Executive Director & Head of Responsibility, Federated Hermes; former Director, Hermes Equity Ownership Services; former Director, Engagement, Hermes Focus Asset Management; former Executive Vice President, Marconi Systems.

https://www.linkedin.com/in/leon-kamhi-12068b

 

13:30

Presentation #2

 - Colin Mayer CBE FBA, Fellow, European Corporate Governance Institute; Peter Moores Professor of Management Studies at the Saïd Business School, University of Oxford; UK Fellow, Management and Business Studies, Economics and Economic History, The British Academy; Fellow, The Royal Society of Arts, Manufactures and Science; Director, The Finance Research Programme, International Growth Centre.

https://en.wikipedia.org/wiki/Colin_Mayer

 

13:55

Short comfort break, schedule-permitting

 

14:00

Presentation #3

- Charles Goodhart CBE FBA, Emeritus Professor, London School of Economics; former Member, The Bank of England’s Monetary Policy Committee;

https://en.wikipedia.org/wiki/Charles_Goodhart

 

14:35

Short comfort break, schedule-permitting

 

14:40

Presentation #4

 - Dr. Shann Turnbull, Principal, International Institute for Self-Governance; Principal, Management and Investment Services; former Founder and President, Australian Employee Ownership Association.

https://www.linkedin.com/in/shannturnbull

 

15:15

Presentation of the Transparency Trophy; a special trophy is awarded to a champion of transparency and finance reform at each of our symposia around the world

 

15:20

Comfort break

 

15:45

Power Panel leading into Open Discussion & Debate on:

 

"The Case for Radical Corporate Governance Reform"

Panellists:

 

 - Debbie Henderson, Founder, Centre for Inspired Leadership; CTT Certified Consultant, Barrett Values Centre; former Institutional Equity Sales, CIBC Oppenheimer; Vice President, Morgan Stanley. 

https://www.linkedin.com/in/54902389

 

 - Henry Leveson-Gower, Founder, Promoting Economic Pluralism; Director, New Economic Knowledge Services; former Research Fellow, Centre for the Evaluation of Complexity Across the Nexus.

https://www.linkedin.com/in/henry-leveson-gower

 

 - Graham Boyd, Founder, EvoluteSix, former Managing Director, Learning Transfer Solutions Global.

https://www.linkedin.com/in/grahamboydphd

 

- Baron Glasman, Labour Life Peer in The House of Lords, Senior Lecturer in Political Theory, London Metropolitan University, Director, Faith and Citizenship Programme, London Metropolitan University; founder of Blue Labour.

https://en.wikipedia.org/wiki/Maurice_Glasman,_Baron_Glasman

 

16:55

Key conclusions and close to the formal proceedings

Andy Agathangelou, Founder, Transparency Task Force; Governor, Pensions Policy Institute; former Founding Chair, Friends of Automatic Enrolment; former Founding Chair, Association of Member Nominated Trustees.

https://www.linkedin.com/in/andy-agathangelou-02953113

 

17:00

Final close

 

*The programme will continuously evolve so is subject to change

To secure your place:

Click on the button below to secure your place and note that there are 4 ticket options: Standard, For TTF Fellows, Discounted and Press Pass. The notes you get to will explain the ticket options.

 

Queries to andy.agathangelou@transparencytaskforce.org

 

Thank you!

Further information about the TTF

 

You can click on the button below to read about the 150+ Transparency Task Force Ambassadors. The list includes world class academics and highly respected thought leaders from right around the world. 

You can click on the button below to read about the Transparency Task Force Advisory Board, which is Chaired by the former Chair of the Financial Conduct Authority's Financial Services Consumer Panel.

If you want to read testimonials...

 

If you haven't been to one of our events before you can use the link below to read some testimonials:

To secure your place:

Click on the button below to secure your place and note that there are 4 ticket options: Standard, For TTF Fellows, Discounted and Press Pass. The notes you get to will explain the ticket options.

 

Queries to andy.agathangelou@transparencytaskforce.org

 

Thank you!

Slides from the March 18th, 2020 symposium
TS March 18th 2020 Corporate Governance.[...]
Adobe Acrobat document [31.0 MB]

The Great Divide

You can read the speech by  Andrew G. Haldane, FAcSS (the Bank of England's Chief Economist and Executive Director of Monetary Analysis and Statistics) that he gave on 18th May 2016 at the New City Agenda Annual dinner.

 

The speech is entitled The Great Divide and it is a first class explanation of why the trust deficit really matters and why it makes sense to try to do something about it.

 

Please click on the green button to access it; if you're not convinced of its relevance to our initiative, here's part of it:

 

..."The most important and compelling message the Bank received at the Open Forum came in the first session. The Bank had conducted some polling of perceptions of the financial sector – for example, by asking people what one word best described the future of financial markets. Among the Bank’s usual contacts, including those in the financial sector, the most used word was “regulated”. Many of us will have heard that message from financial insiders concerned about the perils of over-zealous regulators.

 

For me, the more revealing responses came from the general public, from the customers, rather than the producers, of financial services. The word most used by them when describing financial markets was a rather different one: it was “corrupt”. Not far behind were words like “manipulated”, “self-serving”, “destructive” and “greedy”. I am sure many of you have heard those messages too. They are certainly ones I have encountered frequently on my visits around the country."...

 

Please click the green button  below to access the full speech. If you need to read another piece first, here it is:

 

..."At least until recently many economists like me, when faced with this evidence, might have shrugged our shoulders. Social capital had no real role in our models of economic growth, unlike physical capital and human capital. Trust did not butter our parsnips and nor did it enter our production functions.

 

Recently, however, that orthodoxy has changed and the importance of trust has become clearer.

 

Evidence has emerged, both micro and macro, to suggest trust may play a crucial role in value creation. At the micro level, there is now ample evidence the degree of trust or social capital within a company contributes positively to its value creation capacity. 

 

At the macro level, there is now a strong body of evidence, looking across a large range of countries and over long periods of time, that high levels of trust and co-operation are associated with higher economic growth.

 

Put differently, a lack of trust jeopardises one of finance’s key societal functions – higher growth.

 

Those social capital effects appear to be particularly potent when it comes to financial decisions. Evidence suggests that a lack of trust leads people to retreat from the stock market and banks and to move towards cash holdings and informal sources of credit, such as payday lenders and loan sharks. That jeopardises the second key benefit of finance to society – improved risk-sharing by households and companies.

 

So a lack of trust in finance potentially hobbles both economic growth and financial stability.

 

That lack of trust is the mirror-image of the perception gap between the financial sector and wider society, the Great Divide.

 

The Great Divide matters because it signals a pronounced and protracted erosion of social capital. It puts finance on notice for losing its social licence. And, unaddressed, that jeopardises future wealth and well-being."...

 

Please click on the green button to access the full speech. If you're not yet convinced you should, here's a final snippet:

 

..." As a survey in 2013 of financial professionals found, rather remarkably, that over half believed their competitors engaged in illegal or unethical behaviour.  A smaller, but still high, fraction of 24% believed their own company engaged in such practices. Similar percentages believed their industry did not fulfil its fiduciary function of putting clients’ interests first.

The significance of these findings is not the precise percentages, as striking as these are.

 

More fundamentally, it is because of what they reveal about finance’s perception of itself, the mirror it holds to the social identity of finance."...

 

Click onto the button below to access the full speech; you'll be glad you did, it's profoundly thought-provoking for anybody interested in the future of the financial services industry:

If you are not already on the right page and want to read about our major international project to help rebuild trustworthiness and confidence in financial services, click on the orange button below:

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