Loading Events

« All Events

  • This event has passed.

Tomorrow’s Value Lecture: ‘Slow Finance’

27th February 2012 @ 8:00 am - 5:00 pm

Venue: Mansion House, Walbrook, London, EC4N 8BH

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 would like to welcome you to the next lecture in the series to be given by Gervais Williams, Managing Director, MAM Funds plc, previously investment manager at Gartmore.

Gervais authored the recently published and well received ‘Slow Finance’. Writing in the Evening Standard, Anthony Hilton commented:

“Slow finance… has become a serious talking point in the Square Mile because it presages a return to the old-fashioned way of investing – the way that stressed the virtues of long-term investment in sound businesses with valued products and which pay good and rising dividends. It urges shareholders to get close to their businesses and stay with them for the long term, and shows this is much more likely than the casino-chip approach to deliver good returns.

Williams has achieved huge success as an investor in midcap companies. His book might well capture the mood of the times, and give a path back from the disillusion and disappointment of so much of modern investment”.

Gervais’ analysis is compelling and timely. It comes at a critical time in thinking about the future of the City: on the one hand, structural reforms were proposed by the Vickers Commission and endorsed by the Government; on the other, there is an increasing focus on the importance of values and ethics, being carried forwards by the City Values Forum building on the work of the Lord Mayor’s Initiative on Restoring Trust in the City.

‘Slow Finance’ 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 – such as exploring in depth financing for food production and other areas vital for economic prosperity and future well being.

A high level panel will include contributions from Edward Bonham Carter, Chief Executive Officer, Jupiter Fund Management plc, James Featherby, who has recenlty become Chairman of the Church of England’s Ethical Investment Advisory Group, and Richard Sermon, Chairman of the City Values Forum and former Sheriff.

We greatly look forward to returning to the Mansion House, where the firstTomorrow’s Value Lecture was given by Lord 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; Paul Walsh, CEO, Diageo; Joe Garner, Head of UK Retail and Deputy CEO, HSBC Bank plc; Paul Abberley, CEO, Aviva Investors and most recentlyDavid Brennan, CEO of Astra Zeneca.

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.

Details

Date:
27th February 2012
Time:
8:00 am - 5:00 pm