The Case for Governance Reform

Online symposium using interactive Zoom; 

taking place on Friday, April 24th from 1:00pm until 4:00pm, UK time

Executive summary

This online symposium is for individuals that authentically align with the idea that the financial services sector needs to be trustworthy. 

Unfortunately, there is a mountain of independent research, such as the Edelman Trust Barometer, that shows the public do not trust financial services; and therefore do not have confidence in it. 

There are many reasons for this sorry state of affairs, and a particularly significant reason is that the financial services sector is poorly governed. 

We know that because of all the malpractice, malfeasance, misconduct, misselling, scams and scandals that have riddled the sector for decades. 

This symposium will help to shine a bright light on the governance reforms that are needed to rebuild trustworthiness and confidence in financial services. It is vital that change happens, because the reputation of the finance sector desperately needs it; and the public desperately deserve it.

 

All places need to be booked in advance, please

To secure your place, please first click on the button below, then read the notes that explain the 4 ticket options (Standard, For TTF Fellows, Discounted and Press Pass) and then book your place.

Once your place is secured, we will Email all the details you need to be able to access the event through interactive Zoom.

For queries, please Email andy.agathangelou@transparencytaskforce.org

What’s the purpose of this symposium?

The overall purpose of this online symposium is to shine a bright light onto the very real need for more effective measures to ensure better governance in the financial services sector. Everything related to this objective is in scope; including the case for radical Corporate Governance Reform. 

Our event is being run as part of a major international project about creating an over-arching framework for finance reform. At the heart of that framework for finance reform are the 12 Finance Development Goals that we are developing; one of which is dedicated to Governance. Thereby, this symposium represents one more step forward in our collective efforts to galvanise support for positive, progressive and purposeful finance reform, for the benefit of all.

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 successfully.

It is clear that there is far too much adverse publicity about the financial services sector; and that it is having a long-lasting and highly damaging effect on the reputational integrity of the sector. 

This is a serious and systemic issue that needs to be resolved.

Our symposium creates a first-class opportunity for a wide range of stakeholders to share their thoughts around what needs to be done; how best to do it and who should take responsibility for fixing what seems to be broken; or at least very badly damaged. 

You can expect to be ‘amongst’ progressively minded and collaboratively minded people.

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 very disappointed with and very frustrated by the poor governance that prevails in financial services. 

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.

Format

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

As a consequence, this symposium is being run as an online event.

We will be using interactive 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; all this, without you needing to leave your home or office.

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

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; two breakout sessions where attendees will be able to discuss particular topics amongst themselves and then report back on their findings; and an open discussion and debate session towards the end.

Here’s the programme and timings, so far*

13:00

Welcome to the symposium, introductions, explanation on how to use the Zoom controls and setting the scene, for 20 minutes, by 

 – 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

13:20

Presentation #1, for 10 minutes + 10 minutes Q&A with facilitated discussion

Darryl Claret, Partner, Axxelate

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

13:40

Presentation #2, for 10 minutes + 10 minutes Q&A with facilitated discussion

Maria Kapardis, Associate Professor in Accounting, Cyprus University of Technology; Founding Chair, Transparency International, Cyprus

https://www.linkedin.com/in/maria-kapardis-9a476923/

14:00

Short leg-stretch and comfort break, for 10 minutes

14:10

Breakout & Report Back Session, on “What are the problems; what are the solutions?”, for 30 minutes

14:40

Presentation #3, for 10 minutes + 10 minutes Q&A with facilitated discussion

Mark Turner, Managing Director, Duff & Phelps

https://www.linkedin.com/in/mark-turner-84a1a932 

15:00

Presentation #4, for 10 minutes + 10 minutes Q&A with facilitated discussion

Rachel Kay, Researcher, The High Pay Centre

https://www.linkedin.com/in/rachel-kay-73718912a/

15:20

Short leg-stretch and comfort break, for 10 minutes

15:30

Open discussion & debate, 25 minutes

15:55

Final conclusions; and suggested next steps, by

 – 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

16:00

Final close

*The programme will continuously evolve so is subject to change.

Slided used during presentation are available to download below:

All places need to be booked in advance, please

To secure your place, please first click on the button below, then read the notes that explain the 4 ticket options (Standard, For TTF Fellows, Discounted and Press Pass) and then book your place.

Once your place is secured, we will Email all the details you need to be able to access the event through interactive Zoom.

For queries, please Email andy.agathangelou@transparencytaskforce.org