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Tomorrow’s Finance ‘Of Markets and Men’

14th May 2012 @ 8:00 am - 5:00 pm

Venue: Gresham College, Barnard’s Inn Hall, Holborn, London EC1N 2HH

“The best laid schemes o’ mice an’ men/Gang aft agley” – Robert Burns, To a Mouse

Tomorrow’s Finance is a new programme of lectures and other events being organised by Tomorrow’s Company in partnership with MAM Funds 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.

In so doing we are building on issues raised our recent lecture given by Gervais Williams, Managing Director, MAM Funds plc at Mansion House.  Gervais is author of the well received ‘Slow Finance’ which focusses on the types of businesses that banks and other financial institutions should finance, the criteria they should adopt and above all the nature of the relationships which can best secure long term returns.

To give our first Tomorrow’s Finance lecture we are delighted to welcome James Featherby, the author of  ‘The White Swan Formula’, who has recently becomeChair of the Church of England Ethical Investment Advisory Group having previously been a partner of Slaughter and May. In this important lecture he will be setting out the key arguments of his new publication building on the arguments he will set out in this lecture, which Tomorrow’s Company and LICC will have the pleasure of co-publishing with the support of ICAEW

James believes that ideas have legs. He will illustrate how finance has come to reflect Western thinking that is increasingly individualistic, reductionist, utilitarian, controlling and pragmatic, and he will outline the key ideas and policies that he believes are needed to help our individual finances and business institutions become more relational, holistic, responsible, adventurous and principled.

These include giving mega-businesses a public responsibility as well as a private purpose, reducing debt dramatically and permanently, discouraging transactions that consist merely of rights to claim against others, and reconnecting investors with the social as well as financial implications of their investments.

Michael Mainelli co-founded Z/Yen, the City of London’s leading commercial think-tank, in 1994 to promote societal advance through better finance and technology. Michael is a qualified accountant, computer specialist and management consultant with a degree in Government from Harvard as well as mathematics and engineering at Trinity College Dublin and a PhD from the London School of Economics.  In 2005 Michael created Long Finance, a cooperative research group of several thousand people addressing “when would we know our financial system is working?”  Michael is Emeritus Professor of Commerce, Fellow and Trustee at Gresham College.

David Pitt-Watson is Chair of Hermes Focus Asset Management, and cofounder of all Hermes shareholder engagement businesses; the largest of any investment manager in the world.   He has written and lectured on issues of corporate governance, capital market integrity and regulation and has advised the UK government, over a number of years on its initiatives to improve the performance and integrity of capital markets. A graduate of Oxford and Stanford Universities, David is a Director of Oxford Analytica and a trustee of Oxfam.  He has served on several other boards and commissions.

We greatly look forward to returning to the beautiful and very fitting Gresham College, celebrating our partnership with the agenda setting ‘Long Finance’.

Details

Date:
14th May 2012
Time:
8:00 am - 5:00 pm