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Tomorrow’s Finance: Finance, business and the public good

11th July 2013 @ 8:00 am - 5:00 pm

Tomorrow’s Finance is a programme of lectures and other events being organised by Tomorrow’s Company in partnership with Miton Group plc – we are inviting some of the most senior and thoughtful figures from and about finance to consider what is the purpose of finance and is the finance sector fit for purpose? The lectures will be challenging, often controversial, and always stimulating and enjoyable.

We are delighted that Colin Melvin, Chief Executive Officer at Hermes Equity Ownership Services, will be giving our next Tomorrow’s Finance lecture.

Colin is a hugely respected and influential figure in the City and beyond and his lecture will be a tour de force post the Kay Review, spanning the solutions to short-termism in business and finance, the adoption and integration of environmental, social and governance factors into mainstream investment, the progress of responsible investment, the UNPRI and its future. Colin will propose a means of linking values and value in the City within the broader theme of connecting and aligning the interests of the citizen with the corporation.

For Colin, the public needs to feel a stronger connection to business and the City. Financial services are integral to the economy and to society, and should not be considered apart from it. Those with the power to control corporations and direct the flow of capital, such as pension funds and their agents, need to work together to humanize capitalism it for our common good. Understanding good and bad incentives and promoting the right cultures and behaviours in the financial services will be key to understanding what animates the system and how to then influence it.

As CEO of Hermes Equity Ownership Services Ltd since 2005, Colin Melvin advises and represents pension funds and other long-term institutional investors in the areas of responsible investment and corporate governance. Colin has co-founded and led various investor groups and initiatives such as the United Nations Principles for Responsible Investment (for which he was the first Chairman.) He is a member of the supervisory Board of Eumedion and a non-executive director of Aedas, an architectural firm. Previously, Colin was a Commissioner at the Commission on Ownership in the UK as well as Corporate Governance Manager and Secretary to the Ethics Committee at Standard Life Investments and Head of Corporate Governance and Responsible investment at Baillie Gifford.

Joining Colin on the panel is Gervais Williams, Managing Director at Miton Group plc and author of ‘Slow Finance’; Fiona Reynolds, the new Managing Director at UNPRI; Mike Clark, Director at Russell Investments and Richard Sermon MBE, Chairman of the City Values Forum, who served as Sheriff of the City of London in 2010/11 and as Chairman of The Lord Mayor’s Initiative ‘Restoring Trust in the City’.

Tomorrow’s Finance is a collaboration between Tomorrow’s Company and Miton Group plc. The inaugural Tomorrow’s Finance lecture was delivered by James Featherby, author of ‘The White Swan Formula’ and Chair of the Church of England Ethical Investment Advisory Group where he set out the key arguments of his new publication ‘Of Markets and Men’. This was followed by David Pitt-Watson’s, Chair of Hermes Asset Management Ltd, lecture on ‘Regulation – but is it effective? How to avoid the next financial crisis.’ More recently, Matthew Bishop, New York Bureau Chief of The Economist asked ‘How is finance socially useful?’; economist John Kay, author of the Review of UK Equity Markets and Long-Term Decision-Making talked about ‘Building trust & confidence by changing behaviours in financial services’ and David Blood, co-founder and senior partner at Generation Investment Management on ‘Sustainable capitalism and the transition to a low-carbon economy.’

Details

Date:
11th July 2013
Time:
8:00 am - 5:00 pm