Venue: Herbert Smith LLP, Exchange House, Primrose Street, EC2A 2EG, London

The Tomorrow’s Value lecture series invites some of the most senior figures from the global business world to explore what we mean by value – how it is created, how it can be measured, and what the drivers of value creation are. These issues are set out in depth in our briefing paper.
Beyond that, we are asking business leaders how they link creating business value with values. Are businesses simply about improving the bottom line or must they contribute to the wellbeing of the wider community? Was the cult of shareholder value responsible for some corporate excesses and what might replace it?
We are delighted to welcome you to the next lecture in the series to be given byJoe Garner, Head of UK Retail and Deputy CEO, HSBC Bank plc. Joe will be speaking on the theme of ‘Courageous Integrity’ which is how he and other senior colleagues describe the leadership which they want to run though HSBC and guide behaviours – and decision making – at all levels.
As we seek to better understand the financial crisis there is an increasing appreciation of the importance of values and behaviours in explaining how some banks and financial institutions became ‘toxic’ and others did not – for some there was an appreciation that what was legal was not necessarily ethical, and that growth must be sustainable which meant that sometimes ‘enough is enough’ and apparently profitable opportunities were turned down.
It is perhaps not surprising that the first Tomorrow’s Value Lecture was given byLord Stephen Green whilst in his role as Group Chairman HSBC Holdings plc – at Mansion House – and secured excellent media coverage, including the front page of the Telegraph business section. Subsequent lectures have been given by Anant Nadkarni of Tata, Pavan Sukhdev Head of Green Economy Initiative, UNEP,Professor Michael Mainelli Professor of Commerce at Gresham College and Founder Director of the Z/Yen Group and Paul Walsh, CEO of Diageo.
Tomorrow’s Company and CIMA believe that the relationship between value and values is fundamentally changing: that sustainable value creation must now recognise ‘the triple context’ combining economic drivers with social and environmental imperatives. CIMA’s qualification upholds the highest ethical standards for members throughout their careers.
We are delighted that this event is being organised in association with ‘Restoring Trust in the City – a Lord Mayor’s Initiative’. Richard Sermon describes the Initiative in this speech at our recent Good Governance Conference.